Business
Salary Increment: Union Demands Immediate Action
The Joint Public Service Union on Tuesday stormed the office of the Minister of Labour and Productivity to protest the “insensitivity’’ of the Federal Government to the welfare of Civil Servants.
The union demanded the immediate continuation of negotiations, saying that concrete agreement be reached on salary increment, on or before May 1, adding that the patience of Nigerian workers had been over-tasked.
This was contained in a statement by Mr Samuel Olowookere, the Assistant Director of Press in the Ministry of Labour.
According to the statement, the Minister, Chief Emeka Wogu, reaffirmed the Federal Government’s commitment to improving the welfare of Nigerian workers as paramount on its agenda.
He said the administration of Acting President Goodluck Jonathan was so passionate about the welfare of Nigerian workers that it set up certain committees specifically for their welfare.
The statement noted that the maturity displayed by the Nigerian workforce over wages and salaries had placed their demands at the heart of the government.
“The Federal Government is willing to address the issue of wages and salaries with utmost regard to the well-being of Nigerian workers, for efficiency and high productivity.
“I implore you for more understanding as I can assure you that the welfare of Nigerian workers is paramount on the agenda of the present administration,’’ he said.
While cautioning the workers not to take any action that would not augur well for the civil service, the minister solicited for their patience, declaring: “Justice delayed is justice denied and justice hurried is equally justice miscarried.’’
Wogu assured the protesters that a meeting had been scheduled for April 29 with members of the Joint Public Service Negotiating Council (JPSNC) to continue negotiation on the remuneration of workers.
He promised that the outcome of the meeting would be made public and requested that further actions by the union be put on hold.
The minister said he needed time to come out with a concrete conclusion that would put a smile on the faces of Nigerian workers.
According to the statement, the union agreed to put on hold every of its action until April 30, when the report of the meeting between the minister and the Joint Public Service Negotiating Council would have been out.
The statement said the minister averted what would have been a labour unrest in the public service 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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