Business
World Bank, Kebbi Joint Venture Spends N285.6m
The World Bank and the Kebbi Community and Social Development Project (KBCSDP) have spent N285.6 million on 143 rural development projects in the last three years.
Alhaji Ahmed Tijjani,, Information Officer of the Project, told newsmen in Birnin Kebbi last Wednesday that Kebbi communities contributed N255.2 million to the projects.
Our correspondent reports that the 46 micro projects that were executed involved water supply, roads, schools and health-care programmes.
Tijjani said the Project would implement the additional 12 community development plans by the end of December.
“The rural community development micro projects for all sectors of human endeavour will be monitored and sustained by the beneficiaries,” he said.
He said the group recently conducted a mid-term review of the projects in 12 communities with 168 participants.
According to him, rural communities in Jega, Shanga, Maiyama and Fakai Local Government Areas have not benefited because they failed to provide counterpart funds.
Tthe World Bank assisted project will wind up in 2013.
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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.
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