Business
Mubi Residents Decry State Of Federal Roads
The residents of Mubi in Adamawa have urged the federal government to rehabilitate the 55-kilometre Mubi-Hong Road to ease transportation in the area.
A cross section of the residents who spoke to newsmen in separate interviews last Tuesday also urged the government to rehabilitate Hong-Michika-Maiduguri, the 47-kilometre Mubi-Maiha-Belel and Mubi-Bazza Roads.
The roads are federal highways linking Madagali, Maiha, Michika, Mubi-North and South Local Government Areas with Gombe and Borno as well as two neighbouring countries, Chad and Cameroun.
The federal government had awarded contracts for the rehabilitation of the roads since 2001, but the projects were abandoned.
Our correspondent reports that only the contractor handling Mubi-Gella-Sahuda Road is still on site, while the other contractors had left their sites for some years now.
The poor state of the roads has resulted in several fatal accidents, while armed robbers also take advantage of their deplorable condition to attack motorists.
Alhaji Sani Hamma, a businessman, said the poor state of the roads had affected trade between Nigeria and the neighbouring countries.
He said the situation had led to incessant hikes in the prices of essential commodities due to high cost of transportation.
“Transport fares have gone up by about 30 per cent due to poor state of roads in the area.
“Farmers and other petty traders in remote areas find it difficult to move their goods to the markets, which has resulted in several losses,” he added.
Mr Reuben Audu, another resident who corroborated Adama’s claims, decried the spate of armed robberies in the area, adding that the situation had exposed the communities to untold hardship.
“We cannot travel freely for fear of armed robbers who brutalise and kill motorists on the roads,” he said.
Commenting on the situation, the FRSC Unit Commander, Mr Yauba Duhu, said the command had intensified its patrol to ensure safety of road users.
He urged motorists to always adhere to traffic regulations to reduce road accidents.
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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.
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