Business
… Begins Physical Planning, Dev Law Amendment
The Rivers State Government says it will begin the process to amend the State Physical Planning and Development Law 2003, next month, to enhance effective physical development in the state.
Rivers State Commissioner for Urban Development, Mr Osima Ginah disclosed this, at an annual dinner organised by the state branch of the Nigerian Institute of Town Planners’ in Port Harcourt.
Represented by the Permanent Secretary of the Ministry, Mr Samuel LongJohn, the commissioner said the amendment would ensure correction of all lapses in the law and ensure effective implementation of the state and local government levels.
Among other contentious provisions, the Rivers State Physical Planning and Development law 2003 which abrogated all existing laws on physical planning and development control and gave the responsibility to the state government through the newly created Urban Development Ministry, still provides for the existence of a Land and Survey Bureau that should be supervised by a Special Adviser.
The Commissioner expressed the state government’s readiness to partner with other stakeholders for effective execution of the physical development policies of government” the ministry is always ready to accommodate suggestions from professional bodies on how to make things work,” he said.
Delivering a lecture titled, “Inculcating the Physical Planning Culture in Rivers State, Nigeria, Challenges and Prospects,” Dr Victor Obinna of the University of Science and Technology, Port Harcourt, observed that post colonial physical planning in Port Harcourt had not lived up to the standards set by the British.
He blamed lack of effective institutional framework for plan-making, lack of political will to enforce existing laws, little efforts to develop crucial technical skills and non-seriousness to development unambiguous standards and regulations for development control as factors that had worked the essential character and unique attributes that made Port Harcourt a Garden City.
Dr Obinna called for sustained funding to implement plans under the new development objectives of the state government, emphasizing on the need to properly define the role of planners in ministry of Urban Development vis-à-vis those in the Greater Port Harcourt City Development Authority.
In his address, the state chairman of the Nigerian Institute of Town Planners, Mr Chris Ibeakuzie expressed the need for the Greater Port Harcourt City Development Authority to set out an agenda for implementing the new city plan.
Mr Ibeakuzie recounted the consequences of poor planning on economic growth and development which included social breakdown and exposure of urban population to health risks, emphasizing that a likeable city is informed on the degree to which its citizens engage in decision making on matters affecting their well-being.
Amieyeofori Ibim
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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