Business
Stakeholders Urge Campaign Against Illicit Drugs
Some Lagos residents
have called for more awareness programmes on illicit drug use and trafficking to reduce their intake and trafficking by the youth.
The residents, who spoke to our correspondent on Sunday, urged National Drug Law Enforcement Agency (NDLEA) to create more public awareness on the negative effects of drugs to the society.
A lawyer, Mr Kayode Ademiluyi, said that NDLEA, as an agency of the government, was doing its best but needed to do more in terms of publicity.
‘’It is not only NDLEA that is saddled with the responsibility of curbing drug abuse and trafficking, rather it is the responsibility of everyone but there is need for NDLEA to publicise the issue of drug trafficking the more.
‘’It is not only to arrest and prosecute offenders but publicity is key to reducing this menace. ‘The agency must let people know the dangers of engaging in this form illegality,’’ he said.
Ademiluyi, who attributed the cause of illicit drug use by youths to family upbringing, urged parents to inculcate good moral values in their children at an early stage of their upbringing.
‘’We need to educate our children on the dangers of these illicit drugs and also have time for them so that the country at large can be a better place for us all,’’ he said.
Another lawyer, Mr Spurgeon Attainne, said that the NDLEA should collaborate more with international organisations and communities to reduce drug abuse.
‘’Awareness is key to the successful reduction of illicit drug trafficking in the country. Much still needs to be done to reduce drug abuse in the country,’’ he noted.
A security expert, Mr Wilson Esangbedo, said that NDLEA needed more funds to boost its role in ensuring the reduction of illicit drug trafficking and abuse.
He said limited budget might make the agency not to be effective in performing its duties.
‘’I am not sure the agency has done enough, it needs more funds because when you look at the drug issue, it still needs to be seriously tackled.
Esangbedo attributed the use of illicit drugs by the youth to family backgrounds and poor home training.
‘’Lack of family culture and values can be said to be the bane of illicit drugs by youths in the society,’’ he said.
Mr Abayomi Davies, a father and a businessman, urged parents to give children good moral upbringing to reduce peer influence on them, which might lead them to indulge in drug use.
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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