Business
Wastage: Ex-Commissioner Urges Revisit Of Oronsaye Report
A former commissioner in
Plateau, Mr Nankin Bagudu, has advised the incoming administration to revisit the Steve Oronsaye report on the public service so as to curb wastage.
The report, submitted to the Federal Government in 2011, had suggested the trimming and merger of Ministries, Departments and Agencies (MDAs) to reduce waste and duplication of functions.
Bagudu told newsmen in Jos on Wednesday that the “staggering number of MDAs’’ was not good for effective deployment of resources.
“If you go to the federal service, you will find that some ministries have 77 departments and agencies; others; like agriculture, have 66.
“The Science and Technology ministry also has more than 46 and that number would be significantly reduced if the report was implemented,” he said.
The former commissioner decried the waste in governance, saying more development would have been attained if there was no duplication in ministries and chief executive officers handling very similar functions.
While harping on the need for prudent management of resources, he advised the new government to be strict on corruption, pointing out that its pact with the masses was to fight it and install transparency.
Bagudu also advised the new leaders against striving to settle old scores with people perceived to be old enemies, saying that Nigerians were not interested in such acts that could derail focus.
“Nigerians have made their point very clear – they want a clean and honest government that will produce results.
“It is therefore incumbent on government to go for the best heads to do a good job for Nigerians and Nigeria,’’ he declared.
The former commissioner also counseled the new government against being afraid to take very hard decisions, noting that such was necessary as Nigerians would be ready for such sacrifices toward a better country.
“The country is sick and that means it has to undergo surgery to be well again; its citizens must brace up for the pains of such sacrifices, certain that the gains will follow,” he said.
Bagudu further advised Nigerians to be patient with the new government, pointing out that some years may be required to stabilise the polity before the “mass harvest of tangible gains.’’
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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