Business
Udom Moves to Boost Industrialisation, Investments
The Governor of Akwa Ibom State, Mr, Udom Emmanuel, says his administration is poised to attract sustainable investments to boost the industrialisation drive of the Federal Government.
Governor Emmanuel stated this during the commissioning of a multi-million Kings Flour Mills in Uyo, recently.
The Governor in a statement made available to The Tide, said the factory would create employment and generate wealth for the state and country. “I appreciate the investors for the choice of Akwa Ibom State for their investment and I’m optimistic that the youths will seize these opportunities to acquire skills that would enhance self reliance” he said.
Governor Udom disclosed that Kings Flour Mills at Onna was part of progammes to mark the 32nd anniversary of the state’s creation.
He said that the factory produces 500 metric tones of flour daily.
He said that Kings flour mill is one of the best flour millers in Europe, while applauding the investors for hearkening to the appeal to come and invest in the state.
“My administration is committed to make governance touch the grassroots. My focus is anchored on development and industrialization and I urge investors to come to Akwa Ibom and invest.
The governor said that the digitalised power substation at Ekim, Mkpat Enin LGA, which was flagged off recently marks the actualization of the power plan for the people of the state before 2021.
The power substation is part of the government’s more to ensure that every home in the state enjoys electricity supply.
The governor power station would provide electricity to as many as 10,000 small and medium scale enterprises, thereby stimulating growth 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.
