Business
Lawmaker Seeks States, FG’s Collaboration On Roads Construction
A Lagos State lawmaker, Mr Rotimi Olowo, has advised the Federal Government to collaborate with the states, to enhance effectiveness in road construction and maintenance.
Olowo said in Lagos that the government should explore both human and technical capacity of the states to ensure that the network of road projects fared better.
Olowo, the Chairman House Committee on Works and Infrastructure in the state House of Assembly, urged the government to delegate more responsibilities to the states in road construction.
“Nigeria is a federating state and if the government should partner with the states, it is going to be a win, win situation.
“We want service delivery, there is nothing the Federal government is doing that states cannot do.
“Why not call the states’ ministries of works to have a bilateral meeting with the minister of works and all the core agencies and work together.
The cleric said that Nigerians should continue to pray for the nation and the leaders,saying this was in line with Biblical injunction.
He advised Christians to always live in peace and harmony with one another, to enhance citizens’ prosperity.
“I want to advise all Christians to show love to one another and always live in peace and harmony, which is what Jesus stood for during his life time”, he said.
Odukoya, however, prayed for the nation’s continuous prosperity and peaceful coexistence.
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.
Business
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