Business
N-Power: FG To Train 20,000 Youths – Osinbajo
Vice President Yemi Osinbajo says the Federal Government has approved the training of 20, 000 youths in various vocations across the country.
Osinbajo said this in Enugu on Friday during the inauguration of one of the facilities for the training located at the Anambra Motor Manufacturing Company (ANAMMCO) Complex, Emene.
The Vice President said that the complex was one of the 250 training centres approved for the scheme.
He said that the training would run for nine months, adding that the trainees would receive a monthly stipend of N30, 000 within the period.
According to him, the project was an integral part of the N-Power project that had absorbed thousands of youths across the country.
“This programme is aimed at creating thousands of technical jobs for the youths as well as improve their entrepreneurship skills.
“It is a sub-section of the N-Power programme aimed at training 75, 000 youths in relevant industries where their training skills will be needed,’’ he said.
The Vice President said the training would run for nine months and would comprise of the theory aspect which will run for the first three months, after which beneficiaries would be given work tools.
Osinbajo, who added that beneficiaries would go with the kits to work on their own, reiterated that the Federal Government was committed to creating more jobs for Nigerians.
He called on Nigerians to give the current administration the needed support to achieve its programmes, adding that the future holds promises for the youths.
Osinbajo also commended the Enugu State Government for the reception accorded him and solicited support for the project to thrive.
Earlier, Governor Ifeanyi Ugwuanyi said that the gesture was in line with the programmes of the state government aimed at empowering the youths through relevant skills acquisition ventures.
Ugwuanyi commended the Federal Government for locating the centre in the state and for the support it had enjoyed over the years.
He said that his administration had provided the conducive environment for businesses to thrive and would continue to support initiatives aimed at improving the economy.
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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.
