Business
‘Ibadan City Master Plan To Be Ready, May’
The Ibadan City Master Plan that will guide the growth and development of the city will be ready in May.
The Special Adviser to Oyo State Governor on Environment and Physical Planning, Alhaji Waheed Gbadamosi, made this known to newsmen in Ibadan, yesterday.
The Tide source reports that the master plan was borne out of the state government’s long term vision to make Ibadan a model city in the next 20 years.
According to Gbadamosi, the state government received the draft master plan from the consultant on March 27 and the final plan will be ready in May.
“Government cannot by itself carry out this laudable plan of transforming the city of Ibadan without the invaluable acceptance of the good people of Ibadan.
“We like to solicit the support of all in projecting the activities of the governor to improve the capacity of the state to effectively manage the risks of flooding in Ibadan.’’
He, however, allayed the fears of residents over the possible demolition of their structures, saying that the master plan would be a guide for the undeveloped areas.
The governor’s aide said that the master plan, which would be presented to the state’s House of Assembly, was intended to be institutionalised and guide subsequent governments in the state.
“The master plan intends to provide sufficient land capacity in order to accommodate the anticipated future population of the city, which will be 11.3 million by 2036.
“It will provide direction for future expansion and identify key development opportunities; it optimises the use of land and provides for the needs of future populations.
“The intention is to guide growth and support development,’’ Gbadamosi said.
He said that there were three types of master plan to be developed including the Ibadan City, Drainage, as well as the Sewage and Solid Waste Master Plans.
“The Ibadan City Master Plan will be implemented first, followed by the drainage master plan and then, the Sewage and Solid Waste Master plans,’’ Gbadamosi said.
He said that lack of robust planning for the city manifested in the existing poor road and drainage networks, challenges of inaccessibility and mismatched land uses.
“The existence of slums and urban squalor, inadequate provision of social amenities and facilities like potable water supply, electricity, schools, health facilities and poor solid waste management are other effects.
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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