Business
Rivers Communities Applaud SEEFOR’s Civic Centre Projects
Two Communities in Rivers State, Omumah Igwuruta in the Ikwerre Local Government Area and Umukologa Okehi 1 in the Etche Local Government Area have commended the State Employment And Expenditure For Results Project (SEEFOR) for giving them an economic lifeline through its civic centre projects.
The communities said this during an inspection of the two completed projects by the SEEFOR team led by Director Community Driven Development Social-Project Implementation Unit (CDDS-PIU) of the Ministry of Chieftaincy and Community Affairs, Sir ThankGod Amaewhule.
Paramount ruler of Omumah Community, Eze Dr Kenneth N. Ogbondah told the SEEFOR team that the community generates N650, 000 annually from the civic centre project, adding that the project has helped to improve the economic fortune of many families in the communities.
The traditional ruler said that the community needs more projects from the World Bank/European Union (EU) sponsored programme to enable it benefit maximally from government projects.
Also at Umukologa Okehi 1 Etche, the Ochimba of Okehi 1, Chief Godwin Onwuka (JP) told The Tide that the community generates funds every month from special events held at the civic centre.
According to the Ochimba, the centre also serves as a skill acquisition centre.
Also speaking, Mrs. Eunice Ugonna Joseph from Akwukabi Community, Etche said that the skill acquisition centre has generated employment for over 30 persons in the area.
Speaking in an interview with newsmen, Amaewhule said that the team was happy that the projects are yielding its desired results.
Sir Amaewhule, charged all benefitting communities to toe the steps of Omumah and Okehi 1 communities, promisd, that SEEFOR would do more to uplift the economic conditions of the poorest communities in the state.
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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