Business
FG Slows Down Implementation Of IPPIS
The Federal Government has “slowed down’’ on the implementation of the Integrated Personnel and Payroll Information System (IPPIS) because of intermittent internet connectivity problems.
Accountant-General of the Federation, Mr. Jonah Otunla, made this known on Tuesday in Abuja during an oversight visit to his office, the Treasury House, by members of the House Committee on Finance.
The IPPIS is the platform upon which most federal civil servants are paid their salaries.
Otunla told the visiting lawmakers that lately, the system had encountered some difficulty resulting in late payment of salaries of workers in the public service.
He also attributed the delay in payment of salaries to late disbursements of allocations to the three tiers of government by the monthly Federal Accounts Allocation Committee (FAAC) meeting.
The accountant-general said that his office had sought the assistance of Galaxy Backbone, a Federal Government-owned ICT agency, to resolve the connectivity problem.
“We have been talking with the various agencies of government that are involved in this and we are sure that very soon we will overcome the connectivity problem.
“Because of this connectivity problem, we have decided to slow down the implementation, particularly of our IPPIS.
“The press is awash with barrages of complaints of late payment of salaries, particularly this month.
“The main factor accountable for this delay, apart from the awkward shifting of the FAAC meetings, we have some system problems that are not too strange to a system that is just taking off.’’
Reports say that two indigenous ICT firms are handling the project namely the Grand Central Ltd., which is the project manager while the solution vendor is Soft Alliance and Resources Ltd.
We gathered that since its first roll-out in October 2006 more than 100,000 public workers have been covered by IPPIS in 94 Ministries, Departments and Agencies (MDAs).
Expressing concern on the implementation of the IPPIS, Rep. Abdulmumin Jibrin, Chairman, House Committee on Finance, urged the accountant-general’s office to give it priority attention.
“Mr Accountant-General, we will expect that on the issue of IPPIS, you should give more emphasis to ensure that it is well managed and implemented,’’ he said.
He said the office should also ensure timely disbursement of capital expenditure within the confines of the provisions of the law.
The legislator also stressed the need for the AGF’s office to share constant information with the House committee.
“Sometimes you make the job of the parliament much easier for us when agencies give us updates of what they do on monthly or quarterly basis voluntarily.
“At the end of the day we might make an input in it or we might need such information to help us, help you and help the country.’’
Jibrin solicited the support of the accountant-general in training of legislators in the committee on financial matters.
He described financial matters as quite sensitive and highlighted that one of the biggest challenges facing the country was generating enough revenue to fund the deficit in this year’s budget.
“In that regard a lot of knowledge is required; a lot of knowhow is required; a lot of capacity-building is required.
“And so, what we are saying is this: in the spirit of the exchange and cooperation that exists between us and the fantastic relationship you have built in the last 11 months between this office and the Committee on Finance, whenever such capacity building comes up you can extend that also to the House.
“So that we can build our capacity at the same pace, so we can be on the same page on all the issues that we need to legislate on or work on for the betterment of this country.’’
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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