Business
UN Urban Youth Fund Invites Application
As part of its efforts to alleviate the hardship faced by young people as it relates to shelter and other economic activities, particularly for those in the developing countries, the United Nations (UN) Habitat Urban Youth Fund has invited youths between 15 and 32 years to apply for the over $1 million provided for this 2011.
The fund basically is to support projects led by young people aged 15-32 years who are piloting innovative approaches to shelter , employment, good governance and secure tenure, and such development initiative are eligible for grants ranging from $5,000 to $25,000.
From this initiative, young people living in cities from the developing countries are requested to apply for grants from the fund, as April 5th, 2011 has been given as deadline for the application, as well posted at the www.unhabita.org/youthfund.
Statistical records have shown that of the one billion slum dwellers in the world today, more than 70 per cent are under the age of 30, and that these young people have few resources to improve their living environments.
It has also been shown that there are many youth-led initiatives in slums and squatter settlements around the world that require support in their effort to transform their communities.
The UN Secretary General, Ban Ki-moon in his message for the 2011 International Youth Day said that the needs young people must be taken into account in social and economic development.
Youth Fund Initiative sprang from the 21st session of the UN-Habitat governing council in 2007 and has so far awarded grants to 113 projects led by young people from all over the world.
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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.
