Business
Work Begins On Surulere Drainage Project
The Lagos State Government has mobilised six contractors to work on the drainage network in Surulere area of the metropolis before the advent of the rains in order to ensure minimal flooding in the area.
Messrs Fortra Services is working on the rectangular drain at Gbajumo Street to properly channel storm water from Gbajumo, Curtis and Adamu Orisha streets, as well as part of Jalupon Close.
Messrs Dredging and Construction Alternative is handling the construction of the drainage channel at Itolo, Johnson, Abosede Kuboye, Imam Dauda and Akinsemoyin streets; while the construction of Owolabi/Adetola collection drain is being handled by Messrs Dekam Ventures to control flooding in Adetola Owolabi and Ashiribo Alimi streets and environs.
Messrs Niran Nigeria Limited is working on Akorede Market/Adeshina Street, Agunlejika and Itire/Ikate drainage. The 1,800 rectangular drains under construction will serve Ijesha Road, part of Pako Aguda, Omilani, Odi Olowu and Adeshina streets, as well as Agunlejika, Akorede Market and Lord’s Chosen Church.
There is also a proposal for the construction of the Gbajumo collector drain, while another drainage channel will link the Itire Road/Owolewa/Akerele collector drain to free Ansarudeen High School, Ansarudeen Grammar School and Falolu Street of floods.
Work is equally ongoing on a collector drain between Ilu-Eri and Brewery, which will serve Apapa Road, Olaleye, Iponri, Ojo Oniyun and Western Avenue.
The Commissioner for the Environment, Mr. Tunji Bello, who led other officials of his ministry on a tour of some of the projects on Thursday, directed that the encroachment on a section of the Surulere drainage network BAGCO and Flour Mills must be resolved quickly before the rain commenced.
Bello described as “environmental aberration” the opening of illegal access road by artisans under the Eko Bridge and the emergence of illegal settlement behind Fountain High School, Babas Animashaun/Olatunde Onimole area of Surulere.
The Commissioner, while expressing satisfaction with the extent of jobs done so far, asked the contractors to ensure that they completed their assignments on schedule.
He said while reacting to the poor sanitary habit of some residents and industrial concerns, “Our mission is to ensure that Lagos is free from floods this year and subsequent years. But a situation in which some elements in the society will want to do whatever they like, thereby sabotaging government’s efforts will not be allowed.
“Therefore, we are appealing to everybody, including the corporate organisations to ensure that they don’t do anything that will cause a face-off between them and the government.”
Bello said the increased pace of drainage construction and dredging across the state was necessary in order to reduce the incidence of flooding this year and surpass last year’s record of containing floods.
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.
