Business
Ambode Promises Road Networks To Link Neighbouring States
Governor Akinwunmi Ambode of Lagos State on Wednesday reiterated that his administration was committed to making the state economically viable by connecting roads in Ikorodu and Epe to the neighbouring states.
Ambode also said that the present administration would link Mile 2 to Badagry, Seme border in Nigeria and with Nigeria’s neighbouring countries.
The governor said this while addressing some citizens of the state after he had inspected the 7.5 kilometre Agric-Owutu -Ishawo Road project in Ikorodu area of the state.
He pledged that the road would be delivered in April 2019 with plans to extend the road by another 5.5 kilometres from the Lagos State boundary to Arepo in Ogun.
Ambode added that the need to link the state through road network would be replicated at Lagos-Epe Road.
He said that the Lagos-Epe Road will from Epe boundary in Mojoda be linked with the Ijebu-Ode/Ore Road.
“In order for us to improve on the economic integration of the South western states, we will extend the road network from Lagos State boundary to Arepo in Ogun.
“We will also extend it by 5.5 kilometres to link it with the Lagos-Ibadan Expressway.
“The Lagos-Epe Road will also be done to link the boundary of the state in Epe axis at Mojoda with the Ijebu-Ode /Ore Road.
“The state government will do same with the Mile 2/Okokomaiko Expressway as it will award the contract that will link Okokomaiko to Seme border”, he said.
The governor said that with that arrangement, the state government would have connected its road networks with those of the country’s neighbouring states.
Ambode added that this would improve the economy of Lagos State and ensure that residents in the surbub were comfortable.
He urged the residents to exercise patience while the project he mentioned lasted.
The governor said that in addition to good roads, the state government was planning other developments like cinema, shopping mall and recreational parks for the axis.
“Our people will need to exercise patience and bear with us.
“You must have noticed that your businesses have started improving and the economic values of your landed properties have gone up while the project is ongoing,” Ambode said.
Ealier, the state Commissioner for Works and Infrastructure, Mr Ade Akinsanya, said the Agric-Ishawo – Arepo Road was strategic.
He said that on completion, it would ease traffic pressure on the Lagos-Ibadan Expressway, especially, for motorists coming from and going to Ikorodu.
Ambode added that it would also improve the quality of lives of Lagosians.
The News Agency of Nigeria (NAN) reports that the governor had earlier inspected the Imota Rice Mill project, Igbe-Igbogbo Road project and the Public Works Corporation asphalt yard in Imota.
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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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