Business
59,339 Plots Allocated In Abuja Since 1976 —Minister
The Federal Capital Territory (FCT) Minister, Sen. Bala Mohammed, says the federal government has so far allocated 59,339 plots of land within the capital city since its inception in February, 1976.
A statement issued in Abuja on Saturday by Mohammed Sule, Chief Press Secretary to the FCT Minister, quoted Mohammed as saying that his administration had not allocated any plot since it took over in April.
The statement said the allocations were made across the 63 districts comprising agriculture 60; commercial 3,837; industrial 328 and mixed use 373.
Others were mass housing 314; open space/green area 78; public institution 565; public utility unit 9; residential 53,750 and transportation 25.
The statement further said: “The Ministerial Committee on Repositioning Land Administration in FCT recently submitted its report with a lot of revelations.
“In the committee’s report, a total of 18,445 plots of land were allocated in the Federal Capital Territory from January 1, 2007 to April 2010.
“The committee further revealed that 12,816 which constitute 70.24 per cent of such allocations were done in the last five months of Mallam Nasir el-Rufai’s administration.
“The administrations of Dr Aliyu Moddibbo allocated 1,040 while that of Sen. Adamu Aliero allocated 4,589 plots which constituted 5.70 per cent and 25.15 per cent respectively.’’
The statement said the el-Rufai administration allocated 254 sites for mass housing scheme while Aliero allocated 71 mass housing sites.
It said Mohammed, on assumption of office, constituted a ministerial committee to formulate a roadmap for sustainable development of the FCT.
“Arrangement has been concluded to commence its full implementation in consonance with the desire of the federal government.
“The minister emphasised that the thrust of the roadmap included enhanced security, infrastructural development like potable water and good road network, improved land administration, transport/traffic regulation/ enforcement,’’ it added.
It also said 10- kilometre rural roads have been approved for all satellite towns to make them more attractive and thereby decongesting the city centre.
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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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