Business
Workers Productivity: FCSC Recommends Performance Contracting
The Federal Civil Service Commission (FCSC), has recommended the replacement of promotion examination in the civil service with “performance contracting’’ to boost productivity and make Nigeria conform with international standards.
This is contained in a statement issued in Abuja last Thursday by Mrs Olubunmi Badejo, the commission’s spokesperson.
According to the statement, Performance Contracts are agreements which hold officers accountable for achieving performance targets, demonstrating appropriate competency levels and ethical behaviour.
The statement said that the recommendation was one of the resolutions contained in the communiqué of the 41st conference of the Civil Service Commission held recently in Port Harcourt.
“The 41st Conference of the Civil Service Commission in the federation has noted the desirability of introducing performance contracting to replace the current promotion examination in conformity with global best practices,’’ it said.
The statement noted that the practice had been successfully implemented in Kenya, South Africa and Malaysia.
According to the statement, performance contracting also enables the setting of specific performance targets in a format that can be effectively measured and monitored to ensure efficient quality service to the people.
“It involves also the recognition and reward for high performance as well as appropriate punitive measures for non-performance.’’
To this end, it has been suggested that the commission should experiment with some ministries.
The statement also called for proper and sufficient budgetary provisions for the civil service commission to enable it execute its constitutional mandate effectively.
“Intensive training and retraining for the development of officers were also crucial to improve their capacities’’.
The conference is held annually to deliberate on issues affecting the federal and state civil service commissions with a view to proffering solutions to them.
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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