Business
Minister Lists Gains Of Science, Entrepreneurial Education
The Federal Capital Territory (FCT) Minister, Malam Muhammad Bello says science, entrepreneurial and vocational education subjects will create jobs and financial independence for young Nigerians.
Bello made the assertion at the closing of the 4th edition of the FCT Science and Technology EXPO (FASTECH 2018) with a theme: “Technology and Society in the 21st Century” last Thursday in Abuja.
The minister, who was represented by the FCTA Secretary of Education, Sen. Isa Maina, called for more attention to the nation’s indigenous technology in the face of the present challenges.
The minister, who appreciated the organisers of the event, said that the EXPO had created awareness and sensitised participants to the role of science and technology in national development.
“I would like to convey our commendation to the Education Secretariat and the Department of Science and Technology for making the FCT proud at the just concluded Young Nigerian Scientists Presidential Award.
“At the award, Master Daniel Idakoji of the GSSS Pyakassa came first, defeating 773 other students selected from all the local government areas across the country.
“His impressive performance is a great testament to the high standard of public education in the FCT.
“His performance is one of the fruits of the particular attention the administration pays to science, entrepreneurial and vocational education.
“We do so because we believe these subjects are the surest path to job creation and financial independence for young Nigerians,’’ he said.
Bello called on Nigerians to look inwards to harness and improve the indigenous technology by promoting and encouraging innovation, creativity and value addition.
“It also involves linking research results and school projects to industries and markets, all geared towards self-sufficiency and wealth creation.
“I am aware that competent resource persons had spoken on the theme and sub-themes of the expo. We will work towards their suggestions and recommendations.
“We also hope these recommendations would assist government in policy formulation as well as evolving ways and means of improving science and technology in our society.
The minister assured the Department of Science and Technology and the Education Secretariat of the unwavering support of the FCT Administration towards the realisation of our collective dreams.
Bello said that the EXPO has shown the administration’s resolve to make the FCT a model in the development of science and technology.
According to him, FCT will encourage youths to realise their potentials, get involved in skill development activities with a view to adding value to the society at large.
He urged that organisers to ensure that the outcome of the event was properly documented so that it could translate into concrete, actionable and productive projects.
Earlier, the FCTA Secretary for Education, Sen. Isa Maina said FASTECH had become a platform designed to identify and bring together all stakeholders, public and private artisans, and entrepreneurs to showcase their products.
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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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