Business
Enugu Awards Bridge Contract To Nigerian Army
The Enugu State Government has awarded a contract to the Nigerian Army for the construction of a bailey bridge in Ivo Okpanku in Aninri local government area of the state.
The state’s Commissioner for Information, Dr Godwin Udeuhele, disclosed this on Thursday in Enugu while briefing newsmen on the outcome of Wednesday’s State Executive Council meeting.
Udeuhele said the contract would be executed at the cost of N54 million.
“Approved by the State Executive Council is the (contract for the) relocation/reconstruction of a bailey bridge in Ivo Okpanku in Aninri local government area of Enugu State.
“The contract was awarded to the works unit of the Nigerian Army based on their proven track record in the field of engineering.
“It was awarded at the sum of N54 million.”
The commissioner said the Nigerian Army was the best in the construction of bridges.
According to him, the army is so good in engineering that its proficiency is recognised in other countries.
“What the Ministry of Works proposed internally was about N69 million for the job, but these people (army) reduced the contract to N54 million even when they are better qualified to do the job.
“They are not doing it for the profit they will make. They are doing it because they are trained to do it.’’
Udeuhele said the council also approved the recruitment of 10 social workers to be attached to the state’s Ministry of Gender Affairs and Social Development.
He stated that the recruitment of the social workers has become necessary in view of the challenges the ministry is experiencing in child adoption.
“Those to be recruited will be sociologists, psychologists and social welfare people.
“When recruited, they are to be posted to the welfare department to strengthen the ministry in terms of quality and number of staffers,” he said.
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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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