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Minister Assures On Social Protection Policy
The Minister of State for Budget and National Planning, Hajiya Zainab Ahmed, says the Federal Executive Council (FEC) will soon approve the policy framework for social protection in the country.
Ahmed disclosed this at the 2nd year commemorative event of the Federal Government under President Muhammadu Buhari in Abuja last Monday.
The event was organised to showcase the achievements of the National Social Investment Programmes (N-SIP) of the administration with the theme: “A Smile for Every Nigerian’’.
N-SIP is a Federal Government programme aimed at reducing poverty and improved livelihoods of vulnerable groups such as the unemployed youths, women and children.
She said that the ministry had finalised the work and the draft policy was ready for approval to give N-SIP a legal framework.
“The policy was drafted in line with commitment of the president when he was campaigning to provide social intervention programmes for Nigerians,’’ she said.
Ahmed said that the president recently launched the Economic Recovery and Growth Plan (EGRP), saying one of the key execution priorities of the plan was on the Social Intervention Programmes.
“We have clearly indicated that to achieve that in sustainable manner, we must take care of most important aspect, which is human capital.
“We may not have all the answers; we are going about this with a purpose of succeeding in moving our people out of poverty.
“This administration has started a social scheme that is sustainable; it is not perfect, there are still a number of challenges which will continue to address.
“It will get better. It has to get better; the programme will be institutionalised and it will succeed,’’ she said.
Some of the beneficiaries who shared their experiences under the N-Power appreciated the support of the government in empowering them.
N-Power is one of the components N-SIP aimed at empowering Nigerians both graduates and non-graduates – between the ages of 18 and 35 by paying them N30, 000 monthly over a period of two years.
A beneficiary of N-Power graduate scheme in Plateau Dapil Ali, said he was employed under the scheme and posted to a school of the handicap in the state as a teacher.
“I have been able to instruct the blind students and my vision is to make every blind person a scientist and a mathematician.
“I have been saving part of my stipend; I desire to establish a computer centre that will be training vision impaired persons through a special programme,’’ he said.
Similarly, Mr Ebere Charles, a beneficiary from Kano said he graduated with 1st Class Honours in 2013 without a job.
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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.
