Business
Lawyers Task FG On Re-Branding Policy
Some Lagos-based lawyers have urged the Federal Government not to allow the re-branding policy, introduced by erstwhile Minister of Information, Prof. Dora Akunyili, to be abandoned.
The lawyers, who spoke with our correspondent on Sunday in Lagos, said that the policy was a necessary impetus for the nation‘s growth and development.
They lamented the fact that after Akunyili’s exit, the policy had gone underground with nobody in the ministry pursuing it any more.
One of the legal practitioners, Mr Kola Afolayan, said that for the nation to move forward, there was the need for Nigerians to be re-awakened in the many areas, including politics, economics, education and general information.
He said that re-branding would assist in re-conditioning the minds of Nigerians, their feelings of patriotism and moral uprightness, adding that it would also re-create the image of the country in the minds of foreigners.
“If the minds of the people are structured toward having great respect and preserving the dignity of their country, there will be less cases of bombings and killings, as we now have,“ he said.
Another lawyer, Mr Gbolahan Adesuyi, said that re-branding would create a country where leaders were aware of their political obligations to the people, while the people would also give the best they could for the country to advance positively.
Adesuyi expressed dissatisfaction at the way the re-branding policy had been neglected, stressing that all efforts must be made to ensure the workability of the policy rather than paying lip service to it.
On his part, Mr Chukwuemeka Ibe, said that every Nigerian should be made to embrace the policy.
Ibe said that our leaders should make the citizens to imbibe the attitude of hope and belief in government’s programmes and policies, adding that this would make the country healthier and more progressive.
He said that Nigeria’s positive image needed to be redeemed in the eyes of other nations which had wrong perceptions of the country and its citizens.
“Nigeria really needs a better image. In the eyes of the world, every Nigerian is a potential criminal and the country is regarded as unruly and difficult to lead“, he said
Ibe said that re-branding Nigeria was necessary and called on the federal government to get all stakeholders to be involved in it.
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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