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Nigeria’s Economic Growth Takes Front Burner @ Economist Nigeria Summit

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Stakeholders within various sectors of the economy have unanimously agreed that the economic divide between the North and the South within the country, is one key driver behind instability in Nigeria.

This was one of the topics of discussion during the two-day event concluded last week at the 10th edition of the annual Nigeria Summit in Lagos organised by top International magazine’s events arm, The Economist Events.

The theme for this year’s summit ‘Turning growth into prosperity,’ delved into key points on how Nigeria has become a hub for Foreign Direct Investment (FDI) for both the Eastern and Western world powers, and the need for a proper strategy for Nigeria that promotes trade and commerce between its neighbours and major international partners.

The summit, which was held on March 24th-25th at The InterContinental Hotel, Lagos, had a wide range of global and local delegates and speakers drawn from top corporations, Government and Nigerian society.

This year’s summit featured key speakers like Nigeria’s Minister of Agriculture, Akinwumi Adesina; Nigeria’s Minister of Communication and Technology, Omobola Johnson; Special Representative of the Chinese Government for African Affairs, Zhong Jianhua;  Founder and Chairman, Indorama Corporation, Sri Prakash Lohia; Chief Executive Officer, African Capital Alliance; Okechukwu Enelamah;  Founder and Chief Executive Officer, The Chair Centre Group, Ibukun Awosika; and  Managing Director of Investments and Secretary of the Investment Committee, Wendel Group, Stephane Bacquaert; amongst other important dignitaries.

Speaking at the Summit, Omobola Johnson, minister of Communication Technology, Hon.  stated that the current growth in Nigeria’s ICT sector is sustainable, adding that the growth could be harnessed and leveraged to deliver on the transformational opportunities in Nigeria. She stated that by effectively executing Nigeria’s national strategic agenda for the sector, ICT could be leveraged to drive and sustain the socio-economic transformation of Nigeria.

“With the exception of a couple of sub-sectors, the 26 key sectors that make up the ICT sector are positioned for high to medium growth and in turn have high to medium capacity to create jobs and wealth,” Johnson said.

In a submission, the Chinese government’s Special Representative on African Affairs Ambassador Zhong Jianhua, said economic transformation in Nigeria and Africa has been effective in the past decade which has contributed positively to the economic growth. He urged the Nigerian government to create more enabling environment for investors around the world to enhance development in the country.

Commenting on the outcome of the summit, Executive Director of The Economist, Daniel Franklin disclosed, “This year’s Nigeria Summit brought together over 350 leaders drawn from different walks of life, including Nigeria’s public and private sectors, international business players and investors for a discussion on how Nigeria can turn its economic growth into social and political prosperity.”

The just concluded Nigeria Summit was sponsored by Etisalat, First Bank, GTBank, Siemens, Standard Chartered, Accenture, Hanger 8, Oando, Oracle and P&G, and had its official PR partner as The Quadrant Company, official broadcast media as CNN, and official logistics supplier as DHL.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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BVN Enrollment Up 6.87 Percent to 67.84m in 2025 – NIBSS

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Bank Verification Number (BVN) enrollments in the country rose by 6.87 per cent , or 4.36 million, to 67.84 million as at the end of December 2025 from 63.48 million in the corresponding period of the preceding year, according to latest data released by the Nigeria Interbank Settlement System (NIBSS).

BVN Enrollment Up 6.87 Percent to 67.84m in 2025 - NIBSS

This means that a total number of 4.36 million BVN enrolments were recorded between the end of December 2024 and the end of last year.

The BVN scheme was launched on February 14, 2014 by the Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee, NIBSS and the German firm, Dermalog, with the aim of capturing biometrics of all bank customers and giving each bank customer a unique 11-digit identity number (BVN) that can be verified across the Nigerian banking industry.

Lamido Sanusi, governor of the CBN, at the time, said at the event that the BVN scheme would enable the apex bank to significantly reduce incidents of fraud and money laundering in the banking industry and also help accelerate financial inclusion by opening up opportunities for credit to millions of Nigerians who do not have a standard means of identification.

In October 2017, the CBN released a regulatory framework for BVN operations and Watchlist for the financial system. It stated that the Watchlist comprises a database of bank customers identified by their BVNs, who have been involved in confirmed fraudulent activities in the Nigerian banking industry.

An analysis of the latest NIBSS data shows that BVN enrollment maintained an upward trend in the last five years, rising from 51.90 million in 2021 to 56.90 million and 60.12 million in 2022 and 2023 respectively, before hitting 63.48 million in 2024 and 67.84 in 2025.

Analysts attribute the rise in BVN enrolments in recent years to policy measures introduced by the CBN as part of its efforts to tackle fraud.

For instance, on December 1, 2023, the apex bank issued a circular directing Deposit money banks (DMBs) Non-interest banks, Payment Service Banks, other financial institutions and mobile operators, to ensure that all funded bank accounts or wallets, without BVN or National Identification Number (NIN) are placed on “Post No Debit or Credit,” by April 1, 2024.


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Trump Threatens More Strikes in Nigeria

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President Donald Trump has warned that the United States could carry out further military strikes in Nigeria if Christians continue to be killed, reigniting a sensitive debate over religious violence and foreign intervention in Africa’s most populous nation.

Trump Threatens More Strikes in Nigeria

President Donald Trump

Trump made the remarks in an interview with The New York Times, published on Thursday, while responding to questions about a US military strike carried out in Nigeria on Christmas Day.

At the time, the US military said the operation targeted Islamic State militants in north-west Nigeria and was conducted at the request of the Nigerian government.

Nigeria, however, described the operation as a joint counterterrorism effort, stressing that it was aimed at armed groups designated as terrorists and “had nothing to do with a particular religion”.

“I’d love to make it a one-time strike,” Trump was quoted as saying. “But if they continue to kill Christians, it will be a many-time strike.”

Pressed on comments by his own Africa adviser that extremist groups such as Islamic State and Boko Haram have killed more Muslims than Christians in Nigeria, Trump acknowledged that Muslims were also victims but insisted that Christians were being targeted disproportionately.

“I think that Muslims are being killed also in Nigeria. But it’s mostly Christians,” he said.

Trump has repeatedly raised alarms about the safety of Christians in Nigeria, beginning in late October when he warned that Christianity faced what he described as an “existential threat” in the country. He has accused Nigerian authorities of failing to adequately protect Christian communities and has openly threatened US military intervention if the violence continues.

Nigeria has firmly rejected claims of systematic persecution of Christians. The government maintains that the country’s security challenges are complex and largely driven by insurgency, banditry and criminal violence rather than religious targeting.

With a population of more than 230 million people, Nigeria is almost evenly divided between Christians, who are concentrated mainly in the south, and Muslims, who predominate in the north. Islamist insurgencies, particularly Boko Haram and its offshoots, have plagued parts of northern Nigeria for more than a decade, killing thousands and displacing millions.

Nigerian authorities have repeatedly pointed out that militant attacks have claimed the lives of both Muslims and Christians, arguing that framing the violence along religious lines oversimplifies the crisis and risks inflaming tensions.

Following Trump’s earlier threats, the Nigerian government said it was willing to continue cooperating with Washington in combating terrorism but rejected language suggesting that Christians alone were under threat.

The latest comments are likely to strain diplomatic relations further, as Nigeria balances its partnership with the United States against concerns over sovereignty, security cooperation and the portrayal of its internal conflicts on the global stage.


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OpenAI Launches ChatGPT Health

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OpenAI maker of ChatGPT is rolling out a health-focused feature to the generative artificial intelligence (AI) tool that’s used by nearly a billion users.

Named ChatGPT Health, the new feature aims to provide users with health and wellness information. This, as health is one of the most common ways people use ChatGPT, according to OpenAI.

In a blog post, Microsoft-backed OpenAI says de-identified analysis of conversations show that over 230 million people globally ask health and wellness-related questions on ChatGPT every week.

ChatGPT Health will also “securely” connect medical records and wellness apps to ground conversations with a user’s own health information, making responses more relevant and useful.

“Designed in close collaboration with physicians, ChatGPT Health helps people take a more active role in understanding and managing their health and wellness – while supporting, not replacing, care from clinicians.”

According to OpenAI, health information is often scattered across portals, apps, wearables, PDFs, and medical notes making it hard to see the full picture, and people are left to navigate a complex healthcare system on their own.

“ChatGPT Health builds on these so responses are informed by your health information and context. You can now securely connect medical records and wellness apps – like Apple Health, Function, and MyFitnessPal – so ChatGPT can help you understand recent test results, prepare for appointments with your doctor, get advice on how to approach your diet and workout routine, or understand the trade-offs of different insurance options based on your healthcare patterns.”

According to the company, ChatGPT Health is designed to support, not replace, medical care, adding that it is not intended for diagnosis or treatment. “Instead, it helps you navigate everyday questions and understand patterns over time – not just moments of illness – so you can feel more informed and prepared for important medical conversations.

“To keep your health information protected and secure, Health operates as a separate space with enhanced privacy to protect sensitive data. Conversations in Health are not used to train our foundation models. If you start a health-related conversation in ChatGPT, we’ll suggest moving into Health for these additional protections.”

OpenAI adds that access to ChatGPT Health has started with a small group of early users to learn and continue refining the experience, adding that users with ChatGPT Free, Go, Plus, and Pro plans outside of the European Economic Area, Switzerland, and the UK are eligible.

“As we make improvements, we plan to expand access and make Health available to all users on web and iOS in the coming weeks.

“Medical record integrations and some apps are available in the US only, and connecting Apple Health requires iOS.”


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