Business
Union Decries Exclusion From Housing Policy
The Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASCGOC) has decried the exclusion of its members in Rivers State from the ongoing implementation of the National Housing Policy (NHP) of the Federal Government.
Addressing newsmen in Port Harcourt last Monday, the SSASCGOC National President, Comrade Mohammed Yunusa, said that union leadership has made repeated efforts to incorporate all the union members into the NHP.
Yunusa said that the minister of power, housing and works has refused to act on the directive of the National Assembly committee on housing given on February 15, 2017 to include the FHA among the bodies implementing the NHP, stressing that the union will never allow private individuals to be used as contractors for the construction of the houses under the NHP.
He alleged that the government officials were deliberately frustrating the FHA officials with a view to using their cronies for the construction of houses.
The union leader said that the union is aware that the ministry has concluded arrangements to use private individuals for the construction as houses for Nigerians without getting involved the FHA, a statutory government organisation in the National Housing Policy.
He said that officials of the ministry of power, works and housing had built barriers around themselves without listening to wise counsel, adding that FHA should be carried along in the execution of the NHP.
Yunusa stressed that the union has fully mobilized its members nationwide for industrial strike action when the appropriate authorities refused to involve FHA in the NHP.
Philip Okparaji
Business
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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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