Business
Minister Lists Gains Of Oil Spill Detector
The Minister of Environment, Mrs Laurentia Mallam, said last Thursday in Abuja that the installation of oil spill detection equipment would ensure effective oil spills management in the country.
She said this at the commissioning and handing over of the oil spill detection equipment procured by the National Oil Spill Detection and Response Agency (NOSDRA).
The three equipment commissioned and handed over to NOSDRA were the Geographic Information System (GIS), laboratory equipment for NOSDRA office in Port Harcourt and the oil spill detection and monitoring equipment.
Reports say that the GIS and the oil spill detection and monitoring equipment have been installed in the six NOSDRA zonal offices which include Abuja, Lagos, Port Harcourt, Warri, Uyo and Kaduna.
She said that the procurement and the installation of the equipment were aimed at checking the rising cases of oil spillage and pollution which impact on the environment negatively.
She urged NOSDRA to ensure effective deployment of the equipment by ensuring the early detection of any act of spillage in the country.
The minister decried the dependence of the agency on oil producing communities for information during oil spill occurrences, saying that this militated against effective response to oil spill incidents.
She said that the equipment would enable the staff to sit in their offices and detect oil spillage whenever and wherever it occurred.
Meanwhile, Mallam said that the selection of Nigeria to host the regional marine pollution control centre was based on merit.
She, therefore, urged well meaning Nigerians as well as oil and gas industry regulators and operators to support the government’s efforts to stem oil spill.
“I am fully aware that this project is one of many interventions by the National Committee on Environment (NCEP) to reposition critical agencies towards effective service delivery.
Earlier, Mr Peter Idabor, the Director-General of NOSDRA said that the installation of the equipment would enable the agency to ensure timely, effective and appropriate response to all oil spills.
Idabor said that the equipment would further ensure the clean-up and remediation of all oil impacted sites.
He said that the agency had over 150 engineers in the field who were capable of sustaining the equipment as well as ensuring effective usage.
According to him, with this equipment, oil spill monitoring can now be online for any body to monitor it and report to relevant agencies.
He commended the Ecological Fund Office (EFO) for approving the projects, adding that the intervention would enhance the professional management of oil spill in the country.
In his remark, Alhaji Goni Sheikh, the Permanent Secretary, Ecological Fund Office (EFO), commended the agency for putting the equipment to good use.
Sheikh, who did not mention the cost of the project said the agency was satisfied with the project execution.
“We are convinced that NOSDRA will put the project to its good usage; and we have already sent our staff to the project sites where they tested those equipment and they work.”
The projects were awarded by the EFO in 2009 to assist the agency to effectively manage oil spills in the Nigerian environment.
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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