Business
Skills Acquisition: NYSC Seeks FG, Private Sector’s Support
The National Youth Service Corps (NYSC) has called on the Federal Government and the private sector to support in providing materials for skills training of corps members.
The NYSC FCT Coordinator, Mr Abdulrazak Salawu, made the call in an interview with newsmen in Abuja, recently.
Salawu said that the scheme needed training materials to adequately train the large number of corps members, noting that most of the materials currently being used were borrowed by the corps.
He said with the large number of youths mobilised annually for national service nationwide, the corps was faced with the challenge of providing materials for them to acquire skills in their chosen fields.
He said if the issue was not urgently addressed, it would affect the level of progress corps members were making in learning; as well as perfecting the skills they were being taught.
“In spite of the challenges we face, our Skills Acquisition and Entrepreneurship Development (SAED) programme has been able to train more than two million youths in the last four years.
“We train them in skills such as; food processing, education, film and photography, construction and automobile.
“Other areas are: power and energy, environment, horticulture and landscaping, cosmetology, agro-allied, ICT, culture and tourism.
“We train them in these skills so that they do not need to go looking for white collar jobs; but become self -employed and employers of labor.
“In the fashion designing class we have over 300 corps members and they are using only three sewing machines; you can imagine how in-effective such training will be.
“We urge well-meaning Nigerians and the private sector to support us with materials such as: sewing machines, clothing materials, poultry and feed, electricity generating set and aluminium cutting machines.
“We also need make-up box, computer set, inverters, solar modules, paint making chemicals, tiling cement and many other materials for the various skills set we train corps members in,” Salawu said.
He also said that the NYSC was currently training the corps members in 12 skills set including: ICT, agro-allied, culture and tourism, education, cosmetology and automobile.
Others are: construction, power and energy, film and photography, food processing, horticulture and landscaping and environment.
He added that the SAED programme was introduced by the scheme to assist the Federal Government to address the problem of unemployment in the country.
He said that although the problem was faced not only by Nigeria but the world over, Nigeria faced a greater problem due to the large population.
Salawu urged the Federal Government to replicate the strategies used by developed nations “which is investing in the youths for national development.’’
The Tide source reports that the SAED programme was introduced by the NYSC in 2012 to train corps members in various skills to enable them become self- reliant and employers of labor.
Corps members are introduced to the programme immediately they commence the orientation course and after the training they can receive loans from various financial institutions to start up their businesses.
The Central bank of Nigeria (CBN), Bank of Industry (BoI), Bank of Agriculture and Heritage Bank are some of the institutions giving out start-up loans to corps members.
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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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