Business
Group Wants Good Management In Construction Industry
General Secretary, Nigerian Institute of Building (NIOB), Mr Fadil Elegbede, says good management practices could add value to the construction industry.
Elegbede told newsmen in Lagos that it was erroneous to think that engineering and construction shared nothing with the social and management sciences.
He said that Nigerians were yet to appreciate the importance of management and social sciences to the construction sector.
“Engineering is intimately linked to the social lives of a people.
“And the construction sector has as much to add to the culture and social wellbeing of a people, “ he said.
He said that application of effective management principles were very important for the growth and development of construction industry.
Elegbede said that researches in the management and social sciences had influenced many developments in engineering disciplines.
“The foreign expatriates are always on one research or the other at all times, discovering and embracing new technologies in the engineering, social and management sciences.
“They are ready to learn new ways of getting the job done on sites.
“But in Nigeria, we know the right things, but fail to do them because we are not diversifying in the principles we adopt.
“Nigerian construction professionals do not easily want to adapt to changes. We are still far behind in the application of management principles on our sites, “ he said.
He said that Nigeria had enough of resources that construction professionals and personnel required to compete with developed societies.
According to him, indigenous construction professionals will be able to compete with their international counterparts if they applied time tested management principles on their sites.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News3 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports3 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics3 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics3 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports3 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
-
Sports3 days agoPalace ready To Sell Guehi For Right Price
-
Sports3 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports3 days agoTottenham Captain Criticises Club’s Hierarchy
