Business
‘Distribute Pre-paid Meters To Electricity Customers’
The Nasarawa State Government has called on the Abuja Electricity Distribution Company (AEDC) to distribute pre-paid meters to all electricity customers in the state.
The State’s Deputy Governor, Mr Silas Agara, made the call at a Town Hall meeting organised by the Nigerian Electricity Regulatory Commission (NERC) in Lafia, Saturday.
Agara, represented by the Commissioner for Works and Transport, Mr. Mohammed Wada, said that customers were short-changed through overbilling, estimated billing, among others.
“The only way the customers will be satisfied is when they have pre-paid meters and sure that they only pay for electricity consumed.
“The state government has donated land and offered to facilitate the installation of a 3000 KVA transformer in Lafia.
“If the transformer is installed, it will go a long way in addressing the poor electricity supply in the state,’’ he said.
Also, the NERC Commissioner in charge of Consumers Affairs, Moses Arigu, assured electricity consumers of the commission’s determination to ensure that distribution companies adhere to the operational guidelines.
“The commission has concluded plans to open an office in Lafia for the consumers to channel their complaints for redress,’’ he said.
In his remarks, Christian Chime, the Acting Regional Manager of AEDC, apologised to electricity customers, for the problems they were going through due to poor electricity supply.
Chime said that the company had complaints for redress,’’ he said.
In his remarks, the Acting Regional Manager of AEDC, Christian Chime, apologised to electricity customers, for the problems they were going through due to poor electricity supply.
Chime said that the company had taken their complaints and would soon address them to ensure improved electricty supply.
He said that the company would embark on massive installation of pre-paid meters in the state, urging the customers not to pay for its installation.
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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