Business
Illegal Parking, Hampers Work On Oshodi-Apapa Road – Controller
The indiscriminate parking of vehicles, especially articulated ones along the Apapa-Oshodi Expressway has been identified as one of the challenges hampering its rehabilitation.
Mr Ejike Mgbemena, Controller of Works, Federal Ministry of Works and Housing, Lagos Office, disclosed this to the News Agency of Nigeria (NAN) recently.
He said those involved in the illegal parking were the trucks loading at the Apapa Port and vehicles belonging to some of the big companies located along the busy road.
“Some have converted part of the road to shops and illegal shanties for selling, thus obstructing the right of ways.
“We also have the problem of car dealers around Berger Yard that display their vehicles for sale on the road and under the bridge loop,’’ Mgbemena told NAN.
He said that part of the project was to refurbish the loops completely.
He noted that the vehicles and trucks had to be removed by their owners and the dealers before the construction work could commence.
According to the controller, the contract for the rehabilitation of the expressway had been awarded to Borino Prono and Julius Berger Construction Companies.
He said that on completion, commuters plying the route would heave a sigh of relief.
“Apapa Port Gate up to Coconut Bus Stop has been awarded to Boroni Prono Nig. Ltd., while the second lot is being handled by Julius Berger Plc,’’ he said.
Mgbemena said that though skeletal services had begun on the road, he could not give a time frame when the contractors would complete the project because of the obstructions.
He, however, said that there was a stipulated period for the completion contained in the contract signed between the ministry and the Federal Government.
He said that the ministry was collaborating with the Lagos State Government to ensure right of way, which he said would facilitate the contractors to move to site with ease.
“Gov. (Babatunde) Fashola is giving us all the necessary support and has instituted an inter-ministerial committee.
“It comprises representatives of the Federal Ministry of Works, the State Ministries of Works and Transportation and the Berger Yard car dealers association to solve the problem,” he added.
Mgbemena also said that the Federal Government had awarded the contract for the rehabilitation of the Lagos –Abeokuta Express road to Julius Berger.
“The contract covers Ile Zik Bus Stop and Sango Bridge; when it is finished you are going to see a new Lagos,’’ he said.
He also said that the rehabilitation of the NNPC Depot Road from Iyana Ejigbo in Isolo area of Lagos would be given priority in the 2011 budgetary provisions.
“Also, we will be working on the Mile 12 to Ikorodu Roundabout and from Ikorodu to Shagamu in Ogun state.
“I have a contractor on the Mile 12 –Ikorodu road now,’’ he said.
NAN reports that the Lagos State Government recently declared its intention to expand the Mile 12-Ikorodu road, so that it could introduce the Bus Rapid Transit (BRT) buses.
The controller explained that the BRT lanes’ construction from Mile 12 to Ikorodu would begin after the Federal Government’s contractor would have completed its own job.
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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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