Business
Commission, ITF To Train Returning Migrants
Director-General of the Industrial Training Fund (ITF), Mr Joseph Ari says the fund will equip returning migrants with skills for sustainable livelihood.
He said the fund would partner with the National Commission for Refugees for Migrants and Internally Displaced Persons (NCRIP) for the training.
A statement obtained from its website on Monday stated that the training would ensure the smooth return, readmission and reintegration of Nigerian migrants from Libya and other parts of the world evacuated to the country.
“The training will commence as soon as profiling and needs assessments of the returnees, which is currently on going is concluded,” he said.
Ari said the returnees would be trained, using the existing initiatives and strategies by the fund to equip the youth and indigent in Nigeria with skills for employability and entrepreneurship.
He listed the vehicles to be used to include the National Skills Development Programme (NISDP), Passion to Profession Programme (P2PP), Technical Skills Development Project (TSDP), Construction Skills Empowerment Programme (CONSEP) and Agripreneurship.
He added that the fund’s three mobile workshops, equipped with modern facilities for training in welding and fabrication, tailoring and fashion design, air conditioning and instrumentation, would be used for the capacity development.
“Equipping Nigerians with skills will discourage mass migration and the attendant fall-outs as those that are vulnerable to the temptation of migration will be discouraged,” he said.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
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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