BVN Subscribers To Hit 100m In 5 years- CBN

The Central Bank of Nigeria CBN, has promised to increase the figures of bank customers enrolled on the Bank Verification Number, BVN, system from 38 million to 100million in the next five years.

This was disclosed in the  CBN Update released on Wednesday when  the apex bank disclosed that increase in BVN enrollment would settle the problem of poor  identification which has affected  the availability of credit to prospective banking customers, particularly, those in the informal sector.

According to recent figures released by Nigeria Interbank Settlement Systems, NIBSS, over 38 million active banks accounts are currently linked with BVN and the CBN has pledged to increase the figures within the next five years through its proactive measures.

 CBN in February 2014, launched a centralized biometric identification system all over the country.

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG