Business
Fadama To Provide 1,140 Jobs In Rivers
In a move to reduce the rate of unemployment and restiveness among the youths of Rivers State, the Rivers State Fadama lll project is poised to disburse 80 per cent of its funds allocation to the youths and widows groups with a view to providing jobs to about 1,140 youths in the state.
To achieve this, about 40 youth groups have already been formed and registered across the 20 participating local government areas of the state, in readiness for disbursement.
The youth groups which are made up of 10 to 15 members in each, majored in crop production, fish farming, poultry production and crop processing.
The state Project Coordination, Prince Kingsley Amadi, disclosed this on Friday in his office at Rumuodamaya, Obio/Akpor Local Government Council Headquarters, in a chat with The Tide.
According to him, more than 30 per cent of the N150 million disbursed by the project which represents about N45 million, have already gone to the youth groups. Noteable among the youth groups which have commenced production and marketing of their produce include the Dynamic Youths Oil Palm Processing group of Omudioga in Emohua LGA. The youngest Okomoko Fadama poultry in Etche LGA, unique Deeyor disabled in Gokana LGA, Apani Fadama widows cassava production and like minds Fadama Oil Palm Processors in Ikwerre LGA and Obeama Fadama widows vegetable production in Oyigbo LGA, he said.
The coordinator reiterated that the current focus of Fadama lll project in the state is on youths and widows empowerment, saying that it is expected that by the end of this year, more of the youth groups will have been empowered out of the targeted 95 youth groups before the end of the project in December, 2013.
It would be recalled that during one of the sensitization campaigns of the youths, Mr Charley Igwe, secretary dynamics youths of Omudioga Fadama Oil Palm Processor called on the youths of the state to take advantage of Fadama lll project to develop an agribusiness of their choice and become self employed, while Oha Brown, chairman Alioma Omudioga Fadama cassava farmers used the medium to call on all the LGA chairmen and the state government to continue to pay their counter part funds since it is for the benefit of the rural farmers, especially the empowerment of youths.
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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