Business
LG Boss Advocates Vocational Training For Youths
The Executive Chairman, Isolo Local Council Development Area (LCDA), Lagos, Alhaji Shamsudeen Olaleye, says children and youths can be turned to positive torch bearers by empowering them with vocational training.
“Vocational studies will help to encourage them in facilitating societal growth and development and help them to be self-employed.’’
Olaleye said this last Saturday at the children’s day celebration entitled: “On the Need for Vocation Centre” organised by LCDA and Royal World of Pro-Active 1609, Lagos.
He said that investment in children and youth programmes was for them to be properly guided in life.
“There is a need to keep children and youths busy when they are not in school that is why we encourage them to use the vocational centres to make them learn something.
“Our prosperity as individuals and country lies in the training we give to our children for them to better themselves.
“I, therefore, call on parents to devote time to their children to help them to become better persons as they ought to be.’’
The Chief Executive Officer, Royal World of Pro-Active 1609, Ms Ibidun Odushina, said that the organisation was involved in the programme to see how to help the youths to develop their skills.
“We are creating awareness to let them know the importance of vocational skills and also the use of library as this is important in management.
“Potentials of talents are innate in us and it is imperative to discover them young.
“We should endeavour to motivate our youths towards self-discovery as tomorrow’s society builders.’’
Odushina said that every society must work hard to ensure the human development of its citizens.
“As the saying goes, “an idle mind is a devils workshop.” This is the reason why we are here to see how we can achieve a common goal for these 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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