Business
Ex-Lawmaker Wants Rivers Youth To Acquire Skills
A former member of the House of Representatives in Rivers State, Hon Arthur Kalagbor has charged youths in the State to acquire basic skills to make themselves relevant in the productive economy.
Kalagbor gave the charge while speaking with The Tide in an interview in Port Harcourt, recently.
The former federal lawmaker said youths can only be relevant in the productive system when they have skills to apply.
He described as contradictory a situation where most young people seek employment opportunities, without having any basic skills.
Kalagbor who represented Port Harcourt federal constituency in the National Assembly, also called for a collaborative effort toward youth empowerment programmes in the state.
He pointed out that graduates with requisite professional training should be encouraged with incentives for enterprise development and self reliance, while the numerous youths without basic skills should be trained on various skills.
He called on multinational companies, corporate organisations and other relevant authorities to partner with government in the area of youth empowerment, adding that “proper positioning of youths in creative ventures and productive economic system will stem the growing spate of insecurity in the society.
Taneh Beemene
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.
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