Business
RSG Releases N34.8m for PTI Training
King Osila
The Rivers State Government has released the sum of N34.8 million for the training of 120 youths across the 23 local government areas of the State in acquisition of different skills at the Petroleum Training Institute, Effurun, Delta State.
The Special Assistant to Governor Chibuike Amaechi on Skills Acquisition, Mrs Mary Allagoa who presented the cheque to the Principal and Chief Executive Officer of the PTI, Dr. R.E. Akpojiri on behalf of the Rivers State Government said the presentation demonstrated the desire and commitment of Rt. Hon. Chibuike Amaechi in the development of the physical and human capacity of youths of the state.
Mrs Allagoa explained that it was for this singular reason that the governor sent her personally to bring along the 120 trainees to the PTI, describing it as a centre of excellence. She re-affirmed Governor Amaechi’s belief in getting the best for his people.
According to her, “Rivers State is the very first government to sponsor such a huge number of trainees to the PTI”, promising that in the near future more trainees would follow suit.
The governor’s aide advised youths in the state to take their destinies in their hands “as the creeks over there have lost their tenants”.
The special assistant said aside the advanced monthly allowances given to the trainees, they are comfortably accommodated in good hotels, adding that the N34,800.00 was only meant “for tuition and consumables”.
Mrs Allogoa explained that the training which would last for three months would cover skills on plumbing and pipe fitting, mechanical craft and fitting, basic instrumentation among others.
The Principal and chief executive officer of the PTI, Dr. R.E. Akpojiri welcoming the trainees said that it was out of the need to train youths on specialised skills and make them more useful and relevant in terms of human capital development to themselves, society and the nation in general that informed the PTI in 2005 to develop specially packaged Youth Skills Acquisition programmes.
The PTI chief told the trainees that the programme would enable them achieve a required standard in theory and practical skills to a level that would enable them carry out expected job oriented schedule in the petroleum industry.
While thanking the governor of Rivers State, Rt. Hon. Rotimi Amaechi for the confidence reposed on the PTI, the Institute’s principal expressed confidence that at the end of the three months programme, the youths would be richly rewarded.
He also urged the state government to make the sponsorship a continuous exercise as it would go a long way in curbing youth restiveness in the Niger Delta region, assuring that at the end of the programme the state government and the PTI would have established a rewarding relationship.
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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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