Business
ECOWAS Seeks Collaboration On Youths’ Problems
The Economic Com
munity of West African States (ECOWAS), yesterday called on its member-countries to collaborate and confront the challenges of youths in the sub-region.
ECOWAS Parliament Committee Chairman on Communication, Information and Technology, Mr Jefferson Kanmoh, made the call at the opening of a 5-day ECOWAS Joint Committee meeting in Lagos, yesterday.
The theme of the meeting is “Promotion of Youth Organisations and their participation in Community Activities: Challenges and Prospects”.
Kanmoh noted that the peculiarities of the challenges confronting youths in our region today urgently required diverse partnerships and collaborations.
“Young people represent approximately 3.3 per cent of the population of West Africa.
“If we agree that youths are indispensable partners in the development of the sub-region, we need to jointly support them to bring about positive change in our various communities,” he said.
Kanmoh said that the meeting, holding in Lagos for the first time, would focus discussions on ECOWAS sectoral youth policies and programmes, as well as youth participation in civil society organisations and activities.
The ECOWAS official added that the meeting would also dwell on youth job opportunities and challenges, as well as their integration into the dynamics of ECOWAS.
The Speaker of the ECOWAS Parliament, Sen. Ike Ekweremadu, represented by a Nigerian member of the Parliament, Sen. Olugbenga Obadara, noted that youths in the region were “increasingly finding themselves insecure and vulnerable to unemployment”.
Ekweremadu said that the situation of youths today had become “more precarious” than in the past.
He, however, stressed the strategic importance of the youths to the integrative goals of ECOWAS.
The Speaker added that the “Community’s Parliament” was working on proposals aimed at transforming the parliament from an advisory institution to a legislating one.
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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.
