Business
FRSC Hails Tankers’ Parks Initiative
The Oyo State Command of the Federal Road Safety Commission (FRSC) last Wednesday lauded the Federal Government’s planned provision of parks for tankers and articulated vehicles, saying this would reduce road accidents.
The State FRSC Sector Commander, Mr Godwin Ogagaoghene, told newsmen in Ibadan that the initiative would also help to tackle highway indiscipline by tanker drivers who park indiscriminately on the highways.
“The Federal Government’s planned parks are a step in the right direction with many benefits for road safety and traffic management.
“You find that in some very strategic places, you observe tankers parked alongside the roads at very crucial times which impedes free-flow of traffic and makes our jobs difficult.
“With the parks, they can go in and park properly and also be afforded the opportunity for a quick rest, especially for those who travel long distances.
“They will have enough space to carry out repairs where needed in their vehicles and most importantly too, it will also help to reduce avoidable crashes on our roads,’’ he said.
He cited busy spots in the state where tanker drivers had become notorious for illegal parking as Kara, Atiba, Ogere, Ogbomosho and Ojoo roads.
“We always try our best to sensitise them on proper road usage.
“ We let them know that the road belongs to everyone and even enlighten them on vehicle maintenance procedures,’’ he said.
Ogagaoghene also commended government for introducing road safety education in schools, saying “it will help to raise awareness on road safety in the minds of the younger generation”.
President Goodluck Jonathan had on February 18 said government would build parks for articulated vehicles to check indiscriminate parking.
Jonathan, who was represented by the Secretary to the Government of the Federation, Mr Pius Anyim, made the declaration at an International Conference on Road Safety Management in Africa organised by the FRSC to mark its silver jubilee.
Business
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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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