Business
Expert Chides Low Investment In Waste Recycling
A town planning consultant, Mr Makinde Ogunleye,on Tuesday bemoaned the country’s low investment in waste recycling plants.
He said that waste recycling could be a major source of revenue generation.
Ogunleye, a former Chairman of Lagos State Branch of Nigerian Institute of Town Planners (NITP), said that the environment would also be cleaner if Nigerians took waste recycling more seriously.
He told newsmen in Lagos that solid wastes that were not being recycled were aggravating flooding in the country.
According to him, many waste materials that could not be recycled were causing hazards to the environment.
“Nylons constitute about 70 per cent of the blockage of the water channels, thereby causing the flooding we experience.
“We should learn from other countries that are netting huge revenues from waste recycling and reducing economic wastage in terms of environmental degradation,” he said.
The expert advised government at all levels to build more waste recycling plants as a way of providing employment to youths who scavenge.
“People can generate revenues for themselves if they appreciate monetary gains from sorting wastes,” he said.
Ogunleye said that products of recycled wastes would be useful to many industries, particularly in the construction sector.
“For instance, somebody constructed three bedrooms with bottles in Kaduna and another person used the same bottles to construct a school library,” he said.
Ogunleye advised that more states should enforce their environment protection laws.
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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.
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