Business
Apply For 2017 Mandela Fellowship, US Tells Young Leaders
The United States
Diplomatic Mission to Nigeria has announced that applications for the 2017 Mandela Washington Fellowship began, Wednesday, September 20, 2016.
A statement by the mission said that the Mandela Washington Fellowship is the flagship program of President Obama’s Young African Leaders Initiative, and a key part of the US commitment to invest in the future of Africa.
Nigerian youths are encouraged to pursue this opportunity to access a six-week training course at a top US university in one of three tracks: Business and Entrepreneurship, Civic Leadership or Public Management, the statement explained.
It further added that eligible candidates should be between the ages of 25 and 35 at the time of application and have a demonstrated track record of leadership in a public, private, or civic organisation, and a commitment to contributing their skills and talents to build and serve their communities.
It advised interested candidates to visit http://www.yali.state.gov to apply and seek further information, adding that the application deadline is October 26, 2016.
Applicants needing access to the internet may visit the Information Resource Center at the US Embassy in Abuja or US Consulate General in Lagos or one of the 11 American Corners in Nigeria.
It would be recalled that nearly one in three Africans are between the ages of 10 and 24, and around 60 per cent of Africa’s total population is below the age of 35.
The Mandela Washington Fellowship is part of the President’s Obama’s overall effort to invest in the education and training of the continent’s next generation of leaders.
In 2010, President Obama launched YALI as a vehicle to support an emerging generation of African leaders.
In 2014, the program was expanded to include 500 young African leaders from sub-Saharan Africa.
In 2016, 1,000 young Africans participated in the Fellowship.
Since its inception, 186 young Nigerians have participated in the Fellowship, and over 45,000 young professionals in Nigeria have joined the YALI network.
In 2016, 100 young Nigerians participated in the Fellowship.
Gbufor Ijeoma
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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