Business
FG To Support Agency On Solar Panels Production
The Federal Government has expressed readiness to support the National Agency for Science and Engineering Infrastructure (NASENI) in the production of solar panels for renewable energy.
The Minister of Power, Prof. Chinedu Nebo, made this known when he inspected the NASENI solar panel manufacturing plant in Karshi, in Abuja.
Nebo said, “with the low level of electricity generation in the country which is mainly through gas fired turbines, the Federal Government is now focusing on solar to compliment it.
“We want to grow renewable energy resources utilisation and deployment in Nigeria.
“With the low level of electricity generation and transmission in the country the only way to reach the rural communities is through renewable technology.
“This is one of the technologies that are far away from the national grid,” he said.
He said that with the launch of the Operation Light-up Rural Nigeria (OLRN), using renewable energy, it had become imperative to develop Nigerian solar manufacturing plants.
The minister said the Federal Government was ready to patronise products from the agency, especially for the OLRN.
“Patronising them will give them more encouragement to go into mass production and sales of the solar panels across the country.
“Solar is the only thing you can deploy to every part of Nigeria and get electricity.
“We have challenges with wind because the onshore wind velocity is not quite amenable with wind turbines and only select part of the country will use that,” he said.
He said that partnering with NASENI was part of government effort to ensure local content development in the power sector and the creation of jobs for Nigerian youths.
“I will say this is a learning visit and step to forge a relationship with NASENI solar company.
“It is also to ensure that we even train most of the technical people that will be going out there to deploy this technology in our rural communities.
“That is why the Ministry of Power will like to collaborate with NASENI in the deployment of solar power technology in the country,” he said.
The minister commended the professional and diligent methodology of quality control of the panels.
He stressed the need for NASENI to improve on its marketing and to always comply with international standard.
“We will be promoting NASENI; we will tell our partners that we prefer NASENI solar panels because Mr President is so concerned when it comes to local content development.
“Once the solar panels continue to be of international and best standard why go outside.
We will patronise NASENI no doubt about that,” he said.
Earlier, NASENI Executive Vice Chairman, Mr Mohammed Haruna, said the 7.5mw pilot plant was already producing high quality solar panels that could be found in the market.
“The solar factory as you have seen is a demonstration plant and it was started as part of our research and development and we want to prove that it can work in Nigeria.
“So, it is a 7.5mw pilot plant and it is producing solar panels of high quality standard and the products are available in the market,” he said.
He said that the project started in May 2012 and became a Limited Liability Company in 2013 after surmounting so many challenges.
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.
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