Business
US Entrepreneurship Competition:Two FCT Schools To Represent Nigeria
Two secondary schools from rural areas of the FCT would represent Nigeria at the forthcoming 2012 Students for the Advancement of Global Entrepreneurship (SAGE) Competition in the U.S.
The Secretary of Education in the FCT, Mr Kabir Usman, made this known in Abuja on Tuesday.
He named the schools as Junior Secondary School, Jikwoyi and Government Secondary School, Jibi.
Usman explained that the two schools emerged winners out of the 16 that converged on Calabar for the qualifying competition.
“The competition was very tough. The panel of judges consisted of representatives of American Ambassador, CBN Governor, Commissioners and other dignitaries.
“GSS Jukwoyi exhibited how to repair GSM phones while GSS, Jibi, demonstrated how to produce shear butter.
“They are from rural areas, and they had made this country proud several times at SAGE competitions.’’
According to him, SAGE World Cup is open to secondary school students all over the world.
He said the competition addressed generational shift to young entrepreneurial leaders whose innovations and social enterprises addressed the needs of the global community.
We recall that both schools came first and second at the 2009 SAGE world cup competition which took place in Brazil.
The JSS Jikwoyi won the SAGE World Cup consecutively in Ukraine in 2007, Abuja in 2008, Brazil in 2009 and USA in 2011.
The school had consistently defeated teams from USA, Russia, China, Singapore, Canada, South Africa, Great Britain and Ghana, among others.
He said the programme would help them to be independent.
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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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