Business
Industrialist Tasks Govt On Training Guidelines
As part of moves
towards tackling unemployment in the country, an industrialist, Engineer Charles Odike, has urged the Federal Government to properly implement operational guidelines for skills upgrading and vocational training centres across the country.
Odike, an industrial engineer by training, who made this known while interacting with The Tide in Port Harcourt, noted that many youths are unemployed because they are not properly skilled or trained.
He opined that if skills upgrading and vocational training guidelines are properly implemented, that it will assist to reduce poverty and social menace, as well as promote self-reliance among Nigerian youth.
Recounting his experience on youths skills training while in Michelin in Port Harcourt, before venturing into other fabrication business, Odike said some of the people they trained are doing well and have employed other people to work for them.
According to him, such was achievable because Michelin as a company then had operational guideline for training, including basic knowledge in safety and health, productivity improvement and management skills among others, apart from the technical training skills.
He said, “this move will have positive multiplier effect on growth and development of the national economy. It will create wealth and provide decent jobs to relieve governments at all levels from youths restiveness and crises, if such is implemented properly.”
It would be recalled that the Federal Government through the ministry of labour and productivity on February 6th, 2015 launched operational guidelines for skills upgrading and vocational training centres across the six geo-political zones of the country.
The Permanent Secretary in the ministry, Dr. Clement Illo, had said that the operational guidelines were developed as manual documents to guide the operations of the skill upgrading and training centres.
Corlins Walter
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.
