Business
Seek Career At Sea, Minister Urges Youths
Youths in Nigeria have been called to seek and take advantage of the abundant career opportunities in the Maritime sector to better their lives.
The Minister of Transport, Alhaji Ibrahim Bio, made the call during his working visit to the Nigerian Maritime Administration and Safety Agency (NIMASA).
Bio, while commending NIMASA for the Nigerian Seafarers Development Programme Initiative it embarked upon, noted that the need to replace the ageing seafarers in Nigeria today cannot be overemphasised.
According to him, “The average age of master mariners and seafarers in Nigeria is well above fifty, and what this tells you is that we need a new set of seafarers to replace the old ones. Youths should take up the challenge. The benefits accruable are enormous and I’m sure they will not regret seeking career as seafarers in the maritime sector.”
The minister also said that his administration is committed to developing human capacity for the Nigerian transport sector, particularly in the maritime industry.
Alhaji Bio, during the working visit to NIMASA, also met with members of the Nigerian Association of Master Mariners, and assured them of government’s commitment to providing the enabling environment for master mariners to operate in Nigeria.
While commending the management of NIMASA for providing a condusive working environment for its worker, Bio urged the agency to be more thorough in implementing government policies, particularly in the areas of vessel inspection and registration.
He also declared that the federal government will not compromise safety standards on the country’s waterways and assured the NIMASA management as well as the NPA of the ministry’s support for the inter agency partnership to ensure that only sea worthy vessels are allowed to sail on Nigerian waters.
In his address, the former Director – General of NIMASA, Dr Ade Dosunmu, restated the agency’s commitment to implementing government’s policies in the maritime sector, in line with the minister’s vision for the Nigerian. transport sector, which he noted is geared towards the realisation of President Umaru Musa Yar’Adua’s seven-point agenda and Vision 20/2020 project.
Facilities inspected by the Honourable Minister at the visit include the agency’s corporate office, the seafarers identity office, and the maritime rescue co-ordination centre.
Corlins Walter
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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