Business
Political Class May Cause Labour Crisis, NLC Warns
Baffled by the anti-labour bill currently before the National Assembly, the Nigeria Labour Congress (NLC) has drawn President Goodluck Jonathan’s attention to moves by functionaries of his administration to create avoidable labour and political crises in the country by seeking to break up the Congress and impose a new regime of fuel price hikes on the country.
The union also called on President Jonathan to stop his officials who are engaged in renewed campaigns to further increase the price of fuel under the guise of a nebulous deregulation policy which the House of Representatives has exposed as being fraudulent
A statement made available to Nigeria Politics Online and signed by its Acting General Secretary, Com. Owei Lakemfa, said: “these hawks in government who see the NLC as being too powerful and capable of checkmating undemocratic and unpatriotic moves by the political class, have come to the conclussion that the best way out is to engineer internal ‘disagreements’ in the NLC, hiding under this guise, to register a new labour centre which they hope will support anti-people policies and cause distractions in the Labour Movement.
These government agents have even fixed July 2012 as the registration date of their proposed new labour centre.
These agents who are also responsible for the anti-labour bill currently before the National Assembly are myopic as they do not realise that the NLC is a major buffer against any unconstitutional or anti democratic bid for power in the country. They do not recognize the fact that when the chips are down, it is the NLC, and not the political parties that is capable of mobilising and getting tens of millions of Nigerians on the streets to defend our democratic project.
The NLC advices the trade unionists who have enlisted for this anti- people project, and those being enticed to join them, to retrace their steps as the Congress will not allow the ranks of the working people to be split. The NLC and its allies put the working people on the alert for a struggle to stop this move.
The NLC also called on President Jonathan to stop his officials who are engaged in renewed campaigns to further increase the price of fuel under the guise of a nebulous deregulation policy which the House of Representatives has exposed as being fraudulent.
“The continuous waste of public funds on media campaigns, the enticement of youths and so called Town Hall meetings is a criminal enterprise, and such funds need to be put to better public use,” the statement.
The Presidency needs to see the January 9 to 16, 2012 strikes, mass rallies and street protests as a referendum by the people against a ruinous policy, and not a defeat for which the administration seeks a revenge.
With the serious security challenges in the country, the heating up of the polity by politicians and rising poverty in the land, the NLC called on President Jonathan to call the agents of his government to order on the twin issues of trying to break up the NLC by fiat and increasing fuel price. These are unnecessary battles which the government cannot win.
Business
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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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