Business
Former Dep. Gov Canvasses Social Security System
The former deputy governor in Sokoto State, Alhaji Ahmed Gusau has advocated the introduction of a social security system in the country.
“ This is what is being done in the developed world and the strategy greatly helps to reduce the menace of poverty and unemployment and their dastardly consequences on the society ,’’ he added.
Gusau told newsmen in Sokoto that the proposed system might not be a full blown one at the beginning
‘’ But we must start somewhere . We must have a starting point if we are to effectively tackle these menaces
‘’ More attention should also be focussed on the creation of blue-colour jobs rather than the sole dependence on the white-colour ones,’’ he said.
Gusau stressed the need for focussing attention on vocational training as well as technical education of Nigerian youths to make them self reliant even if they were not engaged in the white-colour jobs .
According to the former deputy governor and former NLC Sole Administrator in Nigeria, ‘’ it is only then that , the youths could add value to their lives and the society.
He said that if this system was ensured across the nation , the current spate of crimes and crises would be drastically reduced .
On the activities of AFAN in the 33 local government areas of the state, he said the association had been encouraging “cluster farming” among its members, especially in arable crops.
“This type of farming is such that a group of our members dealing in the same commodity or crop, will divide a huge expanse of land among themselves to produce a particular crop.” Elegbede called for a presidential initiative on livestock farming similar to the ones on cassava and rice, explaining that the Federal Government had gone a long way in focusing on arable or crop farming at the detriment of other sub-sectors.
“The Federal Government should ensure that not all the resources that are available for the agriculture sector are spent only on crop production.
“Government should be more alive to helping livestock farmers. We have quite experienced ones who can do very well, if given the opportunity and necessary support.”
In another development, a stakeholder who pleaded anonymity, said that there was only one functional silo in the state, which could only stock grains, including maize, sorghum, millet, soya beans and gari.
He said that the 25,000 metric tonnes silo was constructed in 2006 and needed urgent rehabilitation, noting that one major constraint militating against optimal use of the facility was irregular power supply.
In a related development, the state Chairman, Poultry Farmers Association of Nigeria (PFAN), Mr John Olateru, has expressed serious concern at the declining fortunes of poultry industry in the country, due to the current harsh operating environment.
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.
Business
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