Business
Privatised Abandoned Tourism Sites – Expert
A tourism expert, Mr Shedrach Golen, has advised the Federal Government to privatise the neglected tourism sites in parts of the country to revive their activities.
Golen, who works at the Centre for Black and African Arts and Civilisation (CBAAC), told newsmen in Lagos that the neglected tourism sites were economic wastes.
He said that such sites could be developed to international standards to bring the country’s tourism to limelight.
He said that the role of government should be limited to providing infrastructures such as good roads, constant power, portable water, communication system and security.
“Well articulated policies on privatisation will help to effectively revive activities in the neglected tourism sites. Serious minded investors will transform such sites to international standards.
“Such policies will make government to focus on the provision of infrastructures to complement the works of the investors.
“This will not only promote tourism but provide foreign exchange for the economic wellbeing of the country,’’ Golen said.
Golen advised government to ensure effective monitoring and implementation of the outlined programmes and projects by the investors.
He also suggested that government should ensure the availability of low interest funds to investors by financial institutions.
“Government should make effort to assist the would-be investors by making available low interest funds as well as to ensure quality implementation of the projects.’’
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
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics5 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business5 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports5 days agoJ And T Dynasty Set To Move Players To Europe
-
Politics5 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business5 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics5 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business5 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment5 days agoAdekunle Gold, Simi Welcome Twin Babies
