Business
Women, Youth To Benefit From FG’s Job Scheme
Three million women and youths nationwide will benefit from an agro-business programme of the Livelihood Improvement Family Enterprises (LIFE) scheme of the Federal Government, an official said on Tuesday.
Assistant Director, Federal Ministry of Agriculture and Rural Development, Dr Chinyere Ikechukwu-Eneh said in Enugu that 24 states would be captured under the pilot phase of the programme
The official who was on advocacy visit to Enugu State Ministry of Agriculture, disclosed that the beneficiaries would be between the ages of 18 and 40.
“The overall objective of this programme is to contribute to the attainment of food security and economic growth of Nigeria through job creation, value addition and business enterprises and improved livelihood.
“Beneficiaries shall consist largely of young people selected across several agriculture disciplines in a gender-balanced manner with a minimum of 50 per cent women,” she said.
She said 1, 200 farmers would also be empowered in the state under the programme.
Ikechukwu-Eneh, who is the Team Leader for the LIFE in Enugu, stated that the programme would be implemented at the ward level through the establishment of ‘LIFE clusters’.
She explained that the clusters would receive agricultural inputs for sustainable production, agro-processing and packaging facilities and a marketing system designed to connect rural food surplus to urban cities.
The official added that two communities from two local government areas in each of the three senatorial districts would benefit.
She said that the selected communities would form five cooperative societies that would be empowered in their chosen areas of enterprise.
Ikechukwu-Eneh, therefore, appealed to the people of the state to make good use of the programme to develop their capacities.
“This programme will address the needs of existing cooperative groups that will be encouraged to own enterprises that will help their communities.
“The minister has also requested that the states identify available rivers, streams and dams for utilisation going forward,” Ikechukwu-Eneh added.
Responding, the Permanent Secretary in the ministry, Mr Samuel Onyiaji, described the programme as bold, and advised that prospective beneficiaries be given adequate information on the programme.
“There are other intervention schemes running in the state and our farmers will like to compare notes.
‘‘They should have all the information with no hidden agenda in order to make good decisions,” he said.
The Tide reports that the team will be in Enugu for four days to inspect communities, facilities and sensitise groups selected for the programme.
Business
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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.
