Business
Labour Leaders Charge Govt On Competence
Labour leaders yesterday advised the Federal Government to employ competent people into strategic positions, to enhance the social and economic growth of Nigeria.
The unionists expressed the viewpoint in interviews with The Tide source in Lagos, while reacting to the advice that government should encourage its professionals abroad to return home.
A former U.S. president, Bill Clinton, had urged the government to encourage its professionals abroad to return and develop the country.
Mr Peter Esele, President, Trade Union Congress (TUC), said that professionals should be encouraged to return and occupy strategic positions in the nation.
“Nigerians are everywhere and in strategic positions.
“ It is sad that we respect mediocrity. We do not put round pegs in round holes.
“It is a matter of whom you know and this has affected development of the economy”.
He advised the government to bring back the professionals and employ them in their specialised areas, irrespective of their tribe or region.
The General Secretary, Amalgamated Union of Public, Civil Service, Technical and Recreational Employees (AUCPTRE), Mr Philip Agbonkonkon, also urged the government to encourage professionals to return to Nigeria and give them the opportunity to help develop the nation.
Agbonkonkon said that the economy would remain undeveloped if the country allowed its competent citizens to remain abroad.
The AUCPTRE official said that professionals should be put in their area of specialisation, rather than corrupt and unqualified people.
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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