Business
Entrepreneur Tasks Govt On Job Creation
A Port Harcourt based entrepreneur, Dr Gladson Azika, has said that wealth and job creation, security and other dividends of good governance that the people are entitled to will be a mirage if the development of small businesses in the country is neglected by the government.
According to him, statistics have shown that small and medium businesses are the highest employer of labour in the economy, and that they keep the economy afloat in terms of revenue generation.
Dr Azika who is a management consultant and the chief executive of a marketing outfit, the “DOCHES Global Agency”, in a reaction to increasing level of unemployment and poverty in the system, said in Port Harcourt that Small and Medium Enterprises (SMEs) remain a veritable platform to fast track the nation’s socio-economic turnaround.
He said “in spite of the challenges facing Nigeria’s small businesses, the sector remained a veritable platform for the nation’s socio-economic turn-around”.
The entrepreneur posited that the oil and gas sector alone can not engage the number of unemployed youths that find their way to Port Harcourt in search of means of livelihood, and urged the state government to muster the political will to create an enabling environment for small scale businesses to thrive.
Part of the way of creating the enabling environment he said, is for government to create Small-Medium Enterprises Development Agency (SMEDA) in the state to specifically oversee issues related to businesses as a support to other development organisations.
Dr. Azika also said that SME will play a major role in making government realise the millions jobs it targets to create through agriculture.
Corlins Walter
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.
