Business
Govt Pledges Support For Tourism Development
The Minister for Culture, Tourism and National Orientation, Senator Bello Gada has said that the Federal Government will support the development of tourism sites across the country, as part of efforts to reposition the agricultural and tourism sectors toward attaining its seven point agenda.
Senator Gada who stated this in Bauchi, shortly after an inspection visit to the Yankari Game Reserve said the Federal Government would accord tourism the necessary impetus it deserves so that it would add to the country’s main source of revenue as currently obtained in countries such as South Africa, Egypt and Morocco, which depends solely on the sector for revenue.
He described the economic melt down as a blessing in disguise, arguing that the crash in the world financial market had gingered government at all levels to explore other sources of revenue, to reduce total dependence on oil.
Gada recalled the positive impact of both agriculture and tourism to the nation’s development, before the discovery of oil, and expressed regret that both sectors were neglected, saying the situation must be reverted.
He commended Bauchi State Governor, Mallam Isa Yuguda for his huge investment in tourism, assuring that the Federal Government would soon announce a package to complement his efforts on tourism.
On his response, the state Deputy Governor, Alhaji Babayo Gamawa stressed the urgent need to diversify the economy to make dependence on oil less attractive.
The Deputy Governor who expressed the state government’s willingness to partner with the Federal Government in the agricultural development and tourism, also said that all staff of former Yankari National park have been absorbed into the state civil service as part of state government’s commitment to empower the people.
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.
