Business
FCT Moves To Enforce Tree Planting …As Banks Take Over Street Sanitation
Senate Committee on FCT has directed the FCT Minister Mallam Muhammad Musa Bello, to put machinery in place for implementation and enforcement of policy of one house , one tree planting by residents.
This was even as the committee also directed the FCT management to come up with a framework that will make Banks and other corporate bodies take over the environmental sanitation of Abuja metropolis through Corporate Social Responsibility arrangement. Briefing the press of the planned policies Tuesday, the Chairman of the committee, Senator Dino Melaye, said the ‘everyhouse per tree planting by residents’ was necessitated by the urgent need to fight climate change with its attendant ozone layer and eco – system.
His words: ”Although the climate change issue is a global one being addressed in different ways by various governments, negative effects of the challenge has no doubt made us to come up with a special policy here in FCT as the committee over sighting the territory that the minister should put necessary machinery in place for enforcement of policyof every house per one tree planting by residents in the territory”, he said.
Melaye who was at the briefing with other members of the committee also disclosed that that the committee had reached arrangement with the FCT Administration the contracts given to private contractors forcleaning of the Abuja metropolitan roads should be stopped in view of age longlack of positive results in that respect .
According to him, rather than continuing with the old method of contracting cleaning exercise of Abuja metropolitan roads to private contractors without the needed result, the committee had impressed it upon the FCT administration to give such exercise tocorporate bodies on the template of corporate social responsibility.
He declared that the committee had already enlisted the services of 15 banks and 18 other corporate organizations. He said: “Last week the committee on FCT summoned the MDs of
all banks operating in the Federal capitalcity and 15 banks attended. The essence of that meeting is to correct and ameliorate the problem associated with environmental sanitation of the federalcapital city.
His words “We discovered that despite the fact that hundreds of millions spent from budgetary provisions of FCT annually paid to contractors for the maintenance of our street lights and the maintenance of all the streets and environment and the milieu of Abuja isnot yielding any positive results.
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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