Business
…To Spend N6.3bn On ID Cards Project
The Federal Executive Council (FEC) recently approved N6.3 billion for the procurement of 13 million smart-cards for the take-off of the National Identity Management Scheme.
Minister of Communication Technology, Mrs. Omobola Johnson, disclosed this while briefing State House correspondents on the outcome of the Council meeting presided over by President Goodluck Jonathan at the State House.
Johnson said the cards were highly secured chip cards with 18 security features that would contain bio-metric data of each citizen.
She said the cards would also hold the other applications which would signal the beginning of the harmonisation and the integration of government agencies databases.
According to her, the cards would also include features like the individual’s National Health Insurance Scheme, passport, pensions, drivers Licence, tax, voting data and payment systems.
“The first set of cards of 13 million that were approved for award today would be imported but the personalisation will be done in Nigeria. The expectation is that come 2013 when we order the next sets of cards, they will be produced in Nigeria and personalise in Nigeria in furtherance of the local content agenda and job creation agenda of the Ministry of Communication Technology and of course of President Jonathan’s administration.’’
The minister said that every citizen from the 36 states and FCT enrolled in the scheme would to get a social identity number and would be entitled to the chips.
“We are immediately going to the 774 local governments with connectivity. At the point of enrolment you will be asked to show some form of identity that shows you are a Nigerian.’’
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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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