Business
FG, UNESCO Ready To Take Nigeria To STI Destination
The Minister of Science
and Technology, Dr Ogbonnaya Onu, has said the Federal Government and UNESCO would partner to take the nation to its desired destination in Science, Technology and Innovation(STI).
Onu said this at the just concluded two-day National Workshop on Development of a Second Project Plan for the Reform of Nigerian STI system in Abuja.
The minister said that President Muhammadu Buhari was determined to take the nation to its desired destination in Science Technology and Innovation (STI) at all costs.
“ STI holds the key to development of any nation; its level of acquisition determines whether a nation develops or not as nation’s growth is measured by factors like increase in Gross Domestic Production(GDP), power supply and food security .
“President Muhammadu Buhari is determined and working very hard to take the nation to where it should be in STI development.
“Nigeria has enormous human and material resources but it needs to move the economy from being resource-based to knowledge-based nation and innovation -driven economy.
“We cannot continue to pay lip service to the role technology can play in nation building hence the need to invest heavily in STI and research like other developed nations in the world,” he said.
Onu said that Nigeria’s cooperation with UNESCO on STI development started in 1999.
“The first phase of the project started effectively in 2004 and ended 2015 with some achievements including review of Science Technology and Innovation Policy (STIP).”
Onu, however, noted that the nation was too far away from where it should be in technology development.
He therefore urged the workshop participants to put Nigeria’s interest first in everything they did.
Onu called on researchers not to rest on their findings until their works got to market places and compete favourably with other products and services.
Also speaking at the occasion, Dr Benoit Sossou, the Director, UNESCO Regional Office, gave assurance on the readiness of the organisation to support the nation in STI development.
“UNESCO will continue to provide technical assistance, play advisory roles and collaborate with FMST, Federal Ministry of Education and other relevant agencies in promoting STI for sustainable development
“Phase 1 of the joint projects; tagged: ‘Assistance for the reform of Nigerian STI system’ was to provide assistance to the Federal Government in strengthening national system on Innovation.
“The project was reported to have built science and innovation management capacities in the country, while providing high level policy advice which culminated to the 2012 Nigeria STI policy.
“ I look forward to Nigeria-UNESCO Phase 2 project document,” he said.
The Director also urged participants to use acquired knowledge from the summit in promoting STI for sustainable development.
The Tide recalls that the Phase 2 STI Project which started last year aims to help the nation in achieving Vision 20:2020 and 2030 Sustainable Development Goals (SDG), AU-STISA 2024 among other national and international agendas.
Participants at the workshop include members of the academia, representatives of research institutes in the country, representatives of FMST parastatals and international resource persons on STI.
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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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