Business
NPA Orders Rehabilitation Of Ports’ Roads
The Managing Director of
Nigerian Ports Authority (NPA), Alhaji Sanusi Lamido, has ordered the rehabilitation of the road linking Apapa and Tin Can Island Ports.
The directive is contained in a statement by Malam Isa Suwaid, Principal Manager, Public Affairs of NPA, in Lagos.
It said the managing director gave the directive while receiving members of Shipping Association of Nigeria (SAN), who paid him a courtesy visit in Lagos.
Lamido said the directive should be carried out immediately.
“The managing director assured that the authority would mobilise both human and material resources to ensure that palliative maintenance works start without delay.’’
Earlier, Chairman of the shipping association of Nigeria, Mr. Val Usifo, assured of their cooperation for a common objective in the maritime sector.
Meanwhile, the Association of Nigerian Licensed Customs Agents (ANLCA), threatened to shut Apapa and Tin-Can Island ports until the perennial gridlock on ports’ access roads was addressed.
The President of ANLCA, Mr Olayiwola Shittu, issued the threat during interview with newsmen.
He said his members were getting ready to down tools, “as the situation had become unbearable.’’
Shittu said that a crucial meeting of the association had been scheduled for June 30, adding that the strike would be one of the major issues to be discussed at the meeting.
He said with the gridlock, economic activities in the ports had collapsed and man-hour loss enormous.
“It takes about four days for a trailer to have access to load at the terminals.
“Without solution soon, our association may have no option than to close the ports for fuel tankers to take over permanently’’, he said.
The President of the National Association of Government Approved Freight Forwarders (NAGAFF), Mr. Eugene Nweke, also expressed concern about the gridlock which he attributed to lack of a National Transport Development Plan.
Nweke said that the absence of a such plan had aggravated the traffic problem on ports’ access roads.
He said the gridlock had affected Turn Around Time of trucks; Ship Turn Around Time; led to high cargo congestion and cargo diversion to neighbouring ports.
The NAGAFF chief said the daily man-hours had been hindered; pointing out that this had affected production.
He said the situation had also hindered movement of raw materials to industries which had a spill-over effect on bank loans and overdraft facilities obtained by manufacturers.
Nweke said the situation had also rendered port users and service providers idle, adding that on the whole, government’s revenue had nose-dived.
He said the whole problems emanated from bad port access roads, poor traffic control and corrupt practices at ports, dilapidated trucks, and increased cargo volume without the corresponding cargo handling facilities.
Nweke also mentioned lack of automated gate system, absence of truck parks, unregulated empty container holding bay, lack of intermodal transport system, lack of interconnectivity and wrong location of tank farms.
He suggested firm traffic control, stemming of vessels to bonded terminals; use of empty container holding bays by shipping companies and establishment of a modern truck park.
The NAGAFF chief said as a long term measure, there should be gradual relocation of tank farms from Apapa and the evolution of a rail transport link between the ports and the Inland Container Depots.
President of Shippers’ Association, Lagos State, Mr. Jonathan Nicol, in his contribution said that a state of emergency in the maritime sector was inevitable due to gridlock which had created huge revenue loss for government.
According to Nicol, the volume of containers cleared from Apapa and Tin-Can ports had reduced by more than half, saying that “under normal atmosphere, Apapa port should deliver between 300 to 400 containers daily.’’
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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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