Business
Lagos To Eliminate Delays In Building Plan Approval
The Lagos State Government says it is set to eliminate delays in the issuance of building plan approvals to curb illegal developments.
The Commissioner for Physical Planning and Urban Development, Dr Idris Salako, said in a statement yesterday that there was the need to ensure harmonious development of the physical environment of Lagos State.
Salako spoke during a working visit to the Lagos State Building Control Agency (LASBCA), the Lagos State Physical Planning Permit Agency (LASPPA) and the Lagos State Urban Renewal Agency (LASURA).
The commissioner was accompanied on the visit by the Special Adviser on Urban Development, Mr Kabir Abdullahi and the Permanent Secretary, Ministry of Physical Planning and Urban Development, Mr Foluso Dipe.
The Commissioner said that factors causing delays in issuing building plan approvals would be examined thoroughly, with a view to easing the process and eliminating the delays.
“We are determined to streamline the process and enhance inter-agency collaboration where necessary to eliminate delays in issuing building plan approvals.
“Bottlenecks create unnecessary backlogs and encourage illegal developments,” he said.
Salako said that it had become incumbent upon officers in the Ministry to deliver effective and efficient service to the people in the most expedient manner, since their services directly impacted on the well being of the people.
He urged staff of the ministry to support government’s initiatives and be true ambassadors of the Lagos State Government in words and deeds.
The Commissioner said that as professionals involved in regulating the built environment, the staff played critical role in the harmonious development of the physical environment of Lagos State.
Salami said that he had set to work in earnest and would leave no stone unturned to actualise the mandate of the present administration in the built environment sector.
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.
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