Business
Minister Summons Contractor For Abandoning Road Projects
The Minister of State for Power, Works and Housing, Mr Mustapha Shehuri, has summoned the contractor handling Mararaba-Mubi-Michika-Madagali Road, Rhas Nigeria Limited, for abandoning the project.
Shehuri summoned the contractor on Saturday in Yola during an inspection of some federal government road projects in Adamawa.
He expressed dissatisfaction over the abandonment of the project by the contractor after collecting mobilisation.
“Going by the level of work here and from what I have seen, I am not impressed with the performance of the contractor.
“With what I am seeing on this site, I think there is need for us to sit down with the contractor because government cannot tolerate this.
“I am, therefore, inviting the managing director of the company to appear in Abuja because it is disturbing for the lifespan of the project to elapse and work done is only 1.7 per cent.
“This is a very important project because the direct beneficiaries have been under attack of Boko Haram, and since peace had been restored, there should be free movement of people,” he said.
The minister expressed dissatisfaction over claim by the contractor that the project was delayed because of non availability of working drawings.
According to him, I am surprised to hear that designing a bridge will take one year in the ministry where we have several engineers.
The Federal Controller of Works, Adamawa State, Mr Abubakar Salihu, said the 90 kilometers road and bridge projects were awarded in 2017.
He said that the bridges were collapsed by Boko Haram insurgents in 2016.
Salihu said that the project commenced in 2017 with a completion period of 18 months, which had elapsed 115 per cent completion period.
He said that the project was currently 1.7 per cent completed.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
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.
