Business
Group Engages Legislature On Budget Implementation
The Know Your Budget (KYB) group, a civil society organisation, last Thursday resolved to engage the Kaduna State House of Assembly on how to make budgets work in the state.
Mr Abel Adejor, the KYB Spokesman, said in Kaduna that the group has adopted more pragmatic strategies to ensure the success of annual fiscal policies.
Adejor explained that most citizens did not know that the constitutional role of legislators was to make people-oriented laws and check the excesses of the executive through oversight functions.
“We (KYB members) have just met to engage our lawmakers and the citizens on how to make the budget processes successful in the state.
“We want to cultivate the trust and confidence of the people in the legislature after educating both citizens and lawmakers on the budgeting process.’’
Adejor said the group would produce and circulate information and education materials for public sensitisation, enlightenment and mobilisation on budget issues.
According to him, members of the organisation will also collate “authenticate budget data’’ and analyse same for the benefit of the government and the populace.
“Besides, we will engage the media on budget matters at various level as part of our civic education programme.
“Our objective is to ensure that the lawmakers, MDAs and others stakeholders properly understand budget processes, appropriation, implementation and oversight functions.
“Our major goal is to achieve an effective budget tracking, monitoring and evaluation aimed at promoting good governance.’’
Adejor said the KYB would partner with other civil society organisations, opinion leaders, professional bodies and social influencers to drive the project.
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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