Business
Volunteers Paint Lagos Slum
Some 5,000 Nigerian volunteers on Saturday turned out armed with paint brushes to give a facelift to Mushin, a notorious slum in the centre of the country’s commercial capital Lagos.
Led by Abimbola Fashola, the wife of Lagos State Governor, Babatunde Fashola, the volunteers administered paints to seven streets in the community, known for being overcrowded and chaotic and plagued with a high crime rate.
Fashola flagged off the ceremony on Saturday morning by painting the first house while more buildings and roadside curbs along the most noticeable and eye-catching parts of the community were painted by the volunteers.
“This is a commendable self-help project and I plead with the organisers to extend the same gestures to other local government areas in the state and the entire country,” she said.
The volunteers in the one-day beautification exercise tagged “Mushin Makeover” came from all walks of life including entertainment, security agencies, students, traders, professionals and business and corporate leaders. Mushin residents were excited about the landmark beautification project.
“This is so cool, our old house is looking new with a fresh green paint,” resident Rashidat Modupe said after her house had been painted.
“I have lived in Mushin for more than 50 years and this has never happened before,” another resident, a landlord, added.
The project was organised by Visible Impact to compliment the state government’s ongoing megacity programme.
Nigeria’s most populous city with between 15 and 17 million people has decided to overhaul its image.
Fashola said a trip he made to Singapore before becoming governor in 2007 gave him a model on which to base his transformed megacity.
He said focus has been put on revamping the transportation and road sector, improving waste management and water provision, property development and the environment.
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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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