Business
Speed Limiter: Mixed Reactions Trail FRSC’s June 1 Deadline
The June 1, 2015
enforcement deadline given by the Federal Road Safety Corps (FRSC) to fleet operators and commercial vehicle owners to install speed-limit devices and reflective tapes on buses have started generating reactions from motorists in Rivers State.
Across section of road transport operators who spoke with our correspondent in Port Harcourt Monday said it is a welcomed development to reduce road crashes but needed proactive enlightenment.
Some of the motorists said the FRSC should not stampede them with all sorts of payments as they are still battling with the renewal of their driver’s licences and the new number plates.
According to them, the enforcement should be for all road users, both private and commercial vehicle owners, so that there would be sanity on the roads, mostly the highways.
They also lamented that as motorists were trying to obey the directive, there is urgent need for government to fix the roads as they are in deplorable conditions, that even without the speed limit devices, they control the driver from over-speeding but however contribute greatly to road crashes.
The safety manager of Rivers Transport Company (RTC), Prince Ndamati in his reaction said the move by the Federal Road Safety Corps is a welcomed development and long over-due, because over-speeding had caused any road crashes and loss of lives and property.
Ndamati advised that FRSC should embark on aggressive enlightenment campaign on the need for motorists to comply with the directive as it was aimed at reducing the accident rate on the roads, adding that it is a good decision and his company would apply it and called on others to also comply.
An inter-city commercial driver, Austine Nwanjoku said he is not aware of such directive by FRSC, but with enlightenment and enforcement, he had no option than to comply because it is in a right direction.
Ms Blessing Obilor, a private car owner however expressed some reservation that the policy is rather coming too late, but commended the FRSC for the bold step and enjoined them to carry out aggressive enlightenment campaign before enforcement.
She however said drivers are still going through some difficulties with the new drivers licences and number plate issues, and noted that some would be confused even though it is for their safety.
A commercial bus driver, Ola Gbenga Wasiu also commended FRSC for introducing the installation of speed limit device and reflective tapes, but said that most drivers are not aware of such development, as they see it as a waste of resources, and appealed to the authorities that June 1, 2015 deadline for the enforcement is too close for all to comply.
It would be recalled that the Rivers State Command of the FRSC on February 27, 2015 organised a forum where it informed fleet owners and other motorists on the enforcement of the speed limit devices come June 1, this year.
Collins Barasimeye
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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