Business
C’ River Garment Factory To Produce Police Uniforms
The Cross River State Government says the Nigerian Police and the Peace Corps of Nigeria are ready to partner with the state garment factory for production of their uniforms.
The state Commissioner for Information and Orientation, Mrs Rosemary Archibong, made the disclosure in an interview with newsmen in Calabar last Friday.
Archibong said that the garment factory, which had since been completed but awaiting inauguration, has all the facilities to produce military and paramilitary uniforms, among others.
“We are happy that the Nigerian Police and the Peace Corps have indicated interest to sow their uniforms from the Cross River Garment Factory,’’ the commissioner said.
She said that Gov Ben Ayade had initiated the project with a view to boosting the state revenue profile rather than depending solely on the federal allocation.
According to her, the garment factory, when fully inaugurated, will create jobs for the teeming unemployed youths in the state and beyond.
“Gov. Ayade is so passionate in exploring other ways of revenue generation for the state.
“We are all witnesses to the fact that allocation being received from the Federal Government is no longer enough to cater for the needs of the state.
“Ayade set up the garment factory to create employment as well as generate revenue through the sewing of customised clothes, military and paramilitary uniforms,’’ she said.
The commissioner said that the factory would also design and produce costumes for the annual Calabar Carnival.
Archibong lauded Ayade for his efforts in initiating developmental projects, saying that the state had witnessed massive transformation since he assumed office in May 2015.
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Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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