Business
GPHCDA Scores Self Low On Dev Control, Enlightenment
The Board of The Greater Port Harcourt City Development Authority (GPHCDA), said it cannot claim to have satisfied the state governor with the progress it has achieved so far, especially regarding the control of urban sprawl in the Greater Port Harcourt area.
The Administrator of the Authority, Dame Aleruchi Cookey-Gam, disclosed this in her welcome address/ progress update for the 2012 GPHCDA Board Retreat at the Rivers State Government-owned Songhai Centre, Bunu Tai, in Tai Local Government Area, on Wednesday.
She said that the Board had, in the three years of its existence, not operated at an optimal level, adding that the Management has failed to sufficiently engage all stakeholders and keep them informed on GPHCDA programmes, projects and processes for regulation and enforcement.
The former secretary to the state government, however, praised the Board for being on course in the actualisation of the Authority’s mandate and for holding a promise to increase the tempo of its activities in the New City’s development.
On the significance of the theme of this year’s retreat: ‘GPHCDA-Road Map To 2015,’ Cookey-Gam said that since the Amaechi administration would come to an end in May 2015, it becomes imperative that while the Board continues to work in the long term towards the actualisation of its goals, members must also have a clear picture of what they intend to achieve collectively between now and the end of the administration.
The Chairman of GPHCDA, Chief Ferdinand Alabraba, had in his opening remarks reminded his board members that they were in the last lap of their four-year tenure and as the pioneer board of Greater Port Harcourt, it is important that they begin to reflect on their activities so far and assess the efficacies of such towards the fulfillment of the Authority’s mandate.
He expressed the hope that this will enable them to effect necessary adjustments as may be required and also reposition members to achieve the desired objectives.
Delivering a keynote address, the Minister of Land, Housing and Urban Development, Ms Ama Pepple, commended the attempt by Governor Amaechi to develop a new city out of the old Port Harcourt City.
Represented by the Director of Lands in her ministry, Mrs. Georgey Ogbutor, the minister assured the state government of her ministry’s support in undertaking the Greater Port Harcourt project.
She said that her ministry, in recognition of the importance of cities as centers of economic growth and development, considered the building of a new town for each of the six geo-political zones in the country, including the Federal Capital Territory.
Meanwhile, the Greater Port Harcourt Authority said it has paid a total sum of N5.5 billion as compensation to 226 individual and community claimants.
This was contained in a progress update presented to participants at the opening ceremony of a three-day retreat for board members of the Authority at the Rivers Songhai Centre in Bunu Tai.
Making the presentation, the Administrator of GPHCDA, Dame Aleruchi Cookey-Gam, said that the figures comprised the N3.978 billion paid to 111 individual and community claimants by the Chief Orabule Adiele Compensation Committee and the N1.538 billion disbursed to another set of 115 such claimants by the Authority as at June 11, 2012.
Other speakers at the event include the Chairman, Committee on Greater Port Harcourt and NDDC in the State House of Assembly, Hon. Sam Eligwe, who gave a goodwill message and facilitators from Samuelson Consulting and Skye Bank Plc.
Ibelema Jumbo
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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