Business
LASG Retrains 3,500 Artisans In Three Years
The Lagos State Government says it retrained 3,500 traders and artisans in the state between 2016 and 2018 on sustainable wealth, productivity and economic growth.
The Director, Entrepre-neurship Development Department in the state Ministry of Wealth Creation and Employment, Mrs Taiwo Abiose said this in an interview with newsmen yesterday in Lagos.
According to the breakdown, 500 artisans were retrained in 2016, 1,500 in 2017 and another 1,500 in 2018.
Abiose said that the eight weekends of re-skilling training programme exposed the trainees to the latest trends in their sectors and international best practices that would enhance their competitiveness and worth.
She said that the capacity building initiative of empowering traders and artisans was solely sponsored by the state government and handled by the Lagos State Technical and Vocational Educational Board (LASTVEB).
“It was identified that many local artisans lack some prerequisite skills which has resulted in the patronage of artisans from neighbouring countries.
“The curriculum of the programme is well-conceived to bridge these skills gap requirements and equip participants with technical and entrepreneurial skills,” she said.
Abiose said that the upskilling exposed the participants to strategies to develop a business plan and access loan from the Lagos State Employment Trust Fund (LSETF) for business expansion.
According to her, the ministry has developed a compendium which has a list of over 25,000 registered members of various associations to facilitate easy and convenient access for people who required reliable and verified service providers in any part of the state.
“We need to standardise things in the state and ensure that things are done right.
“Very soon in the state, any artisan that is not registered or undergone the re-skilling programme will not be allowed to practice.
“We are working on passing a bill to that effect and this will help to eliminate quackery in the state,” she said.
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
-
News4 days agoOji Clears Air On Appointment Of 15 Special Advisers By Fubara
-
News4 days agoNigeria Has Woken Up From Slumber Under Tinubu – Shettima
-
Featured4 days agoRivers: Impeachment Moves Against Fubara, Deputy Hits Rock …As CJ Declines Setting Up Panel
-
News4 days ago
Nigeria To Begin Exporting Urea In 2028 -NMDPRA
-
City Crime4 days ago
Health Commissioner Extols Fubara’s Commitment To Community Healthcare Delivery
-
Niger Delta4 days ago
Tinubu, Leading Nigeria To Sustainable Future – Okowa … Lauds Oborevwori Over Uromi Junction Flyover Construction
-
News4 days agoKing Jaja Impacted Beyond Rivers -Deputy Gov
-
News4 days ago
US – Nigeria Security Engagement Translating Into Tangible Operational Gains – NSA
