Business
Nigeria, Niger, Chad Move To Rehabilitate Lake Chad Basin
Nigeria, Niger and Chad are working on a joint trans-border agro-ecosystem project aimed at the restoration of livelihoods and rehabilitation of the Lake Chad Basin.
Director-General, National Agency for the Great Green Wall, Dr Bukar Hassan, disclosed this yesterday after an international conference on desertification in New Delhi, India.
The 14th Conference of Parties (CoP 14) to UN Convention to Combat Desertification was held at India Expo Centre.
He said that since environmental issues did not recognise national boundaries, the partnership would help to rehabilitate agricultural system, restore degraded land and livelihoods of people in Lake Chad basin.
According to him, the project includes promotion of agro-forestry and livestock development in the three participating countries bordering the Lake Chad Basin.
The Director General said that Lake Chad, which was located in a very dry area, had lost about 90 per cent of its water over the years, thus making farming unattractive in the basin.
“Today, agriculture is no longer practised in the Nigerian side of the Lake Chad Basin.
“So, our responsibility as an agency of Nigerian government is to make sure that we regain what we lost in terms of water (which has created huge unemployment among the people) and empower the people to be able to get back their land which was lost due to the disappearance of lake.
“We will also make sure that the boundary of the lake is afforested to stabilise the basin.
“The Lake Chad basin was one of the worst degraded areas in the world with the attendant humanitarian crisis.
“That’s why our president is keen on seeing that the basin is rehabilitated because the insurgency affecting the three participating countries is all linked to environmental degradation.
“That’s why we are developing a project that will help in rehabilitating the Chad basin,” Hassan said.
He said that President Muhammadu Buhari had already given his agency marching orders to intensify afforestation specifically in the country’s five northern border states of Sokoto, Jigawa Yobe, Borno and Katsina.
He said that land degradation and desertification resulting in loss of livelihoods had led to forced migration of young people from the northern to the southern parts of the country.
“There was mass movement because the means of livelihoods are no longer there; otherwise people will not just board an articulated vehicle from Jigawa to Lagos in search of a means of livelihood.
So, we’re trying to provide capacity for these people to get them adapted to the arid environments they found themselves and also do some economic activities, so that they can stay put where they were, take care of their families like everyone else,” Hassan said.
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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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