Business
Sanusi Blames Poverty, Unemployment For Illegal Migration
The Emir of Kano, Alhaji Muhammadu Sanusi II, has attributed the excessive quest by Nigerian youths to engage in illegal migration to poverty and unemployment.
The Emir made the remark yesterday in Kano when the President and members of Pan African Institute for Global Affairs and Strategy (PAIGAS) paid him a courtesy visit.
According to him, the hunger to move across the shores of this country in an elusive search for greener pasture abroad can be effectively tackled when viable alternatives are made available to engage youths.
He called on the leadership of the country to rise up to the challenge by creating an enabling environment that would encourage wealth creation and empower the youth population in Nigeria.
The monarch commended PAIGAS for the initiative to partner the National Youth Service Corps (NYSC) to sensitize corps members against illegal migration.
According to him, as leaders, we must do everything possible to give the youth population in Nigeria a hope of a better future.
Earlier, President of PAIGAS, Amb. Martins Uhomoibhi informed the emir that their visit to Kano was to sensitize corps members on the dangers associated with illegal migration.
According to Uhomoibi, the sensitisation is part of the NGO’s contribution to the development of the society.
“My youth service year experience in Koko; Kebbi, inspired me to rededicate my life to serve Nigeria throughout my life time on earth,” he said.
Uhomoibi described the emir as a unique personality who combined the rare attributes of royalty, tradition and diplomatic experience.
He expressed delight for the honour to visit the emir.
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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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