Business
Safety Expert Advocates Power Sector Reform
The Nigerian Chapter of American Society of Safety Engineers (ASSE-NC), has advised the Federal Government to further reform the power sector to ensure sustainable power supply in the country.
The President of the association, Mr Kamil Abiodun, told newsmen in Lagos yesterday that certain frameworks should be established to ensure safe and steady power supply in the country.
Abiodun, an occupational health and safety expert, said that there were associated risks inherent in providing steady power supply in the country due to substandard electrical fittings in many homes.
He recommended that power distribution companies should revert to the practice of deploying their personnel to assess electrical installations at homes and offices.
“The power industry should return to the colonial era when electrical installations were inspected to ensure compliance with standards before power was supplied.
“Even before meters are installed in homes, officials of power distribution companies need to inspect the quality of the wiring to ensure they meet standard.
“They are also to maintain routine check for any changes or modulation in a building.
“These are part of control measures to check fire incidence in some buildings due to usage of substandard electrical wiring products,” he said.
Abiodun urged the Standards Organisation of Nigeria (SON) and the Nigeria Customs Service to ensure substandard electrical cables and appliances did not find their way into the country.
“If any substandard goods find their way into the country under their collective watch, the Directors of SON and Comptroller of Customs should be held liable.
“This will ensure the security of government’s investment in the power sector and safety of lives,” he said.
According to him, awareness and enlightenment should be made on the importance of using only certified professional technicians for all electrical fittings.
“With all these measures in place, the sustainable power supply promised by government to us for comfort will not become a hazard,” he said.
The safety expert urged the government to collaborate with relevant safety professionals for advice to support its plan for the power sector.
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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