Business
Transporter Urges RSG To Promote Mass Transit System
A chartered transporter in Port Harcourt, Mr Basil Opara, has urged the Rivers State Government not to relent in promoting a shift from private transportation mode to mass transit system in the state.
Opara, who is a fellow of the Chartered Institute of Transport and Logistics in Kaduna, while reacting to the present transport situation in the Rivers State capital, noted that government seemed to be losing interest in the mass transit system.
According to him, as economies grow, especially in the developing world, the demand for personal vehicles also rises, which in turn continues to put pressure on the environment as emission levels rise.
He noted that rapid urbanisation had led to transport activities resulting to an increase in petroleum dependence, congestion, air pollution and traffic fatalities.
Opara said “the sector’s over reliance on a single fossil resource (petroleum) is responsible for at least 25 per cent of the world’ energy-related Green House Gas (GHG) emissions.
He said the way out of the problem was to increase the efficiency of fuel energy by improving train efficiency and recapturing energy losses.
“We must reduce emission of non-carbon-dioxide Green House Gas (GHGs) from vehicle exhausts and promote transport mode shift from personal, individualised transport to mass transit,” Opara stated.
The transporter also advised the state government to put all hands on deck to make this shift happen as it was environmentally friendly to do so.
Corlins Walter
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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