Business
NUJ Boss Tasks Founder On Survival Of Songhai Farm
The Chairman of the Rivers State Council of the Nigeria Union of journalists (NUJ), Mr Opaka Dokubo, has appealed to the founder of Songhai International Centre, Porto Novo, Benin Republic, Father Godfrey Nzamujo to make concerted efforts to see to the sustainability of the Rivers State Songhai farm after he and his team might have left in five years time.
Mr Dokubo who threw this challenge recently during a facility tour of the Songhai farm in Bunu Tai by journalists to mark the state’s NUJ 2011 press week however thanked Father Nzamujo for making the Songhai farm realisable in Rivers State.
“What we worry about is the sustainability of this whole project. “We hear in five years you will hand over to the Rivers people and the government.
“The Rivers people would want to believe that it goes into capable hands who will take it to the next level, that is if there is a next level”, he enthused.
In his remark, Father Nzamujo explained that “Songhai is a movement” and it would not take root unless it was appropriated and made real.
He said what was happening in Rivers State was born out of a vision pioneered by the state governor, Rotimi Amaechi after a visit to Benin Republic.
“The government people came, saw what was going on and decided to correspond the vision at the state here. “They appropriated it and gave it form here”, he revealed.
He explained that the Songhai has been tried in a number of places with recorded successes and expressed optimism that the initiative would succeed in Rivers State
“So this is a result of people working together with leadership capability being put together and we commit ourselves to the success of this venture.
“Sustainability is the keyword, human capital development is the key thing here and we have to build that core hope that only sustained effort will make the Songhai seed blossom”, he assured.
Business
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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.
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