Business
World Bank, Agency Spend N705m On Poverty Alleviation
Yobe Agency for Community and Social Development, a joint programme of the state and World Bank, spent N705 million on projects targeted at poverty reduction across the state since 2009.
Alhaji Goni Babagana, Programme Manager said on Saturday in Damaturu that the projects covered education, roads, water and health, among others.
He said the agency provided education infrastructure and instructional materials to encourage enrolment among the youth across the state.
“I am happy to say that enrolment of boys into primary schools rose from 41 to 184 per cent while that of girls improved from 29 to 174 percent.
“The intervention of the agency in the water sector has grossly reduced the problems of water scarcity in the rural communities.
“We have raised the population of those having access to water in the rural communities,’’ he said.
The Manager said Yobe government contributed N400 million to the programme.
Goni promised that the agency would judiciously use the funds according to the World Bank’s guidelines for the benefit of the rural communities.
“With the payment of this amount, rural dwellers in the state will have improved standard of living with poverty reduction programmes.’’
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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