Business
ITF Plans 46 Skills Centres
The Industrial Training Fund (ITF) says it is planning to establish 46 industrial skills acquisition centres across the country under its National Industrial Skills Development Programme (NISDP).
The ITF Director-General, Prof. Longmas Wapmuk, made this known at the inauguration of its Headquarters’ Annex and ICT training centre in Jos last Friday.
He said that the training strategies would consist both formal and informal skills acquisition process.
Wapmuk said ITF would establish 37 industrial training skills centres, one in each of the state, including Federal Capital Territory (FCT).
He said six centres of Advanced Skills Training for Employment and three Specialised Centres for Culinary Skills to develop skilled personnel for the hospitality and tourism sector would be established.
Wapmuk said that the process would generate 29,875 readily employable graduates annually, pointing out that the number would be increased by running two or three streams of training.
He explained that the aim of establishing the centres was to implement the national industrial revolution initiative of the Ministry of Trade and Investment to reduce unemployment and to create wealth.
The director-general noted that in each of the 46 centres, training would be offered in 25 trade areas in line with international best practices for effective ‘hands on learning’.
Wapmuk said that the NISDP was primarily designed to empower its trainees with resources to help them to set up their businesses upon graduation.
Minister of Trade and Investment, Mr Olusegun Aganga, in his remarks said that ITF was strategically positioned to transform the economy of the country.
Aganga said that the country was blessed with abundant natural and human resources but still lack the skills to translate them into products.
“In order to achieve a sustainable economic growth, we need to turn the quantity advantage we have to a productive advantage and to achieve that education and skills are needed,’’ he stressed
According to him, the country can only achieve the industrial revolution by training adequate manpower to convert the natural resources into finished products and commended the ITF for the initiative.
The minister described the initiative as laudable, noting that it had the capacity to empower trainees to set up their business.
“It will be useless to say that you train a number of people and they are still roaming the streets in search of jobs but it will make more meaning if they set up something of their own,’’ he said.
The Tide source reports that the occasion also featured the presentation of awards to ITF staff who distinguished themselves in 2012.
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
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics5 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business5 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports5 days agoJ And T Dynasty Set To Move Players To Europe
-
Politics5 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business5 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics5 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business5 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment5 days agoAdekunle Gold, Simi Welcome Twin Babies
