Business
Auto Industry Can Create Over 200,000 Jobs …As 500 AICON Staff Protest Sack
The Director-General of the National Automotive Council (NAC), Mr Aminu Jalal, said yesterday that the nation’s automobile industry had the potential to generate over 200,000 jobs.
Jalal said this in an interview with newsmen in Abuja.
“The auto industry is very huge and a car has over 2,000 components and each of these components is an industry,’’ he said.
He said the areas of job opportunities included mechanics, insurance, financing and logistics, noting that the new automotive policy of the Federal Government was investor-friendly.
Jalal said that already, 23 car assembly plants had shown interest to invest in the country, and listed the companies to include Piaggio Innoson Vehicles Manufacturing Company and National Trucks Manufacturers in Kano State.
Jalal said that to ensure that the auto industry was developed; the Federal Government had given incentives to the tyre manufacturers to encourage them to invest in the economy, noting that tyre manufacturers like Michelin and Dunlop had shown interest to return to the country.
He listed the incentives to include free-duty on their equipment and incentive to import 20 per cent of tyres components into the country.
Jalal said that Nigeria was currently spending more than N1trillion on the importation of vehicles and their spare parts.
He said substantial part of this figure would be saved if the nation’s automotive industry was fully functional, noting however that the industry still faced the problem of skepticism on the art of potential investors who were doubtful of government’s commitment to the full implementation of the new automotive policy.
Jalal said the Federal Government remained fully committed to the implementation of the policy.
He said that this year, NAC would commit itself to local content development and assist local entrepreneurs in accessing financial assistance to boost their operations.
However, about 500 workers of ALCON Nigeria Limited, a sub contracting firm handling NLNG project site in Bonny local Government Area of Rivers State have petitioned to the Federal government over what they described as unlawful termination of their appointment by the company.
In a thirty page petition addressed to the Zonal Coordinator, South-South, Federal Ministry of Employment, Labour and Productivity, Federal Secretariat Complex, Port Harcourt with the heading “unlawful termination of employment of five hundred workers from AlCON Nigeria Limited Nigeria liquefied Natural gas (NLNG) project site Bonny on request to be unionized”.
The petition which was signed by Allison Awoiyala S. (Electical unit) Kelvin B. Abbey (Iron Bender), Sombonibo Biobioley (Labour), Hamnton P. Allison (Manson), Blessing Blue-Jack (Iron Bender) Kalada (Carpenter), Tamuorokoro Jonah (Scafolder), Inye hart (Painter), Sampson J. Allison (Iron Bender) and Tamunokro Brown (Iron bender) for the affected workers.
The workers averred that before they were engaged into the employment of the company, they met all the requirements for recruitment as stipulated out by the company and wonder why they would be sacked without any justification.
The workers alleged that the only reasons they were sacked by the management was due to their quiet to get unionized adding that some of the workers were invited by the Divisional Police Officer in Finima with a false allegation of ‘hostage taken, site destruction and attempted kidnap” only to be dragged to the Bonny Integrated Recruitment Centre (BIRC) where they were forced to sign and collect their termination letters. the meeting site.
The affected workers among other things demanded that the Bonny Integrated Recruitment Centre by extension the Bonny Chiefs Council stop interfering in Alcon Nigeria Limited over workers matters, withdrawing of termination letter and recalling back all the affected staff, appointment of a union executives, as well as negoitaton of condition of service through effective bargaining.
When contacted on phone, Alcon project services Manager, Ukie Ezeali never responded to the text message put across via the GSM 08033104401.
Lydia William
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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