Business
12 River Basin MDs Pick Appointment Letters
The newly appointed Managing Directors of the 12 River Basin Development Authorities (RBDAs) last Friday collected their letters of appointment from the Federal Ministry of Water Resources.
Reporters say that President Goodluck Jonathan had approved the reconstitution of the management teams of the RBDAs based on the principle of seniority, professionalism and national spread.
In an interview with newsmen in Abuja, Mr. Nelson Nwosu, the Director, River Basins Operations and Inspectorate, said that the selection of the teams was based on merit.
“The selection was based on transparency, merit, seniority, experience and qualification.
“The posts became vacant for various reasons, some of the former MDs have served out their terms and some left for other reasons, so there were real vacant posts that needed to be filled.
“It is not a question of change, it is a question of filling the existing vacancies, “Nwosu said.
He said the management teams were expected to use their positions to boost food production through irrigated agriculture.
According to the director, the RBDAs have facilities for irrigation, improved water supply to the rural areas because the agencies operate in the rural areas and the rural people don’t have water.
“We want them to accelerate the process of water supply to the rural communities to use their existing dams to generate electricity and to improve the environment.
“To work toward the improvement of the environment by checking erosion and flooding because they have a lot of potentials to do this and funds will be provided to achieve this feat, “Nwosu said.
He identified the major challenges facing the RDBAs as policy inconsistency and inadequate funding.
“We know that it is impossible to meet their funding needs but we ask them to be prudent with whatever they are given to see that they spend it wisely.
“The ministry is also in the process of establishing a coordinating department to manage the operations of the basins for efficiency”, he said.
Some of the managing directors who spoke with reporters promised to transform the river basins to boost food production, create employments as well as work toward the reduction of poverty in the country.
Our source reports that the inauguration of the new managements of the RBDAs is slated to hold on January 18, 2011.
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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