Business
Ekiti Plans 16 Mini Bio-Fuel Refineries
Governor. Segun Oni of Ekiti State said that the state government planned to build 16 mini bio-fuel refineries as part of efforts to boost its revenue base.
Oni said this in Ado-Ekiti last Thursday at a meeting with the executive of a Brazilian Company, Green Energy Company, Crownek, partnering with the state government.
He explained that the refineries would be built by the company in conjunction with the state government.
Our correspondent reports that the refineries are to be located in each of the 16 local government areas.
Oni said that the first refinery would be built at Iyemero in Ikole Local Government Area with a capacity to produce 1,000 litres of Ethanol fuel per day.
The governor said that when the refineries commenced production, government would distribute about 8,000 bio-fuel powered stoves free to the residents.
He said that the project was aimed at reducing the dependence of people on kerosene and fossil fuel for domestic cooking.
Oni said that the state government would soon put an end to poverty by ensuring that the vast agricultural resources available were converted to wealth through an industrial revolution.
He assured the company that the government would support it with the clearing of the project site to build the 16 mini bio-fuel refineries, which would be converted to its equity contribution.
“We are here to put in all that we have so that we can conquer the adversity of staying in a greenbelt and not utilising the resources that it provides for us free.
“We want to take the economy of the state to such a level that the government will be able to feed on it, unlike now that economy is feeding on the government.
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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.
