Business
FG Set To Rehabilitate Apapa-Oshodi, Other Roads, In Lagos
The Federal Controller of
Works, Lagos, Mr Godwin Eke, said on Sunday that the Federal Government was set to begin rehabilitation of the Apapa-Oshodi Expressway and other federal roads in Lagos.
Eke told newsmen while inspecting the highway that construction giant, Julius Berger, had submitted cost estimates for the repairs of the Ilasamaja/Berliet/Iyana Itire sections of the Apapa/Oshodi expressway.
He, however, said that the Federal Ministry of Works was waiting for approval of the 2016 budget, to begin the repairs.
Eke said that the site inspection became necessary, “to assess the current situation of the highway’’.
The Controller expressed sadness over the failed portions and apologised to road users on behalf of the federal government, stating that all failed sections will receive priority attention.
He appealed to road users on the Apapa-Oshodi expressway to be patient, adding that government was pained by the hardship faced by motorists due to the bad portions.
Eke said that government was also set to begin the rehabilitation of all federal roads across the country.
“The Ilasamaja/Berliet/Iyana Itire sections of this Apapa-Oshodi expressway are in deplorable condition.
“We have made some proposals and designs on how to fix the highway and other federal roads in Lagos, but it is tied to the 2016, 2017 and the 2018 budgets.
“The Minister, Mr Babatunde Fashola (SAN), has given his word that the Apapa/Oshodi expressway and all other federal roads in Lagos and throughout the federation will be fixed soon.
“We are assuring the public that as soon as the budget is passed, we will mobilise the contractors to site to begin repairs on these critical sections, that is, the Ilasamaja/Berliet/Iyana Itire sections,’’ he said.
The Tide gathered that boulders had been used to fill some of the craters on the main carriageway on the Oshodi bound carriageway of the highway around Iyana Itire bus stop.
Crushed stones were also used to fill various potholes around the Ilasa and Berliet bus stop areas.
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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