Business
Expert Opposes States Creation …Canvasses Power Devolution
Chief Adebayo Akande, chairman of the Splash FM in Ibadan, has spoken against creation of additional states in the country.
He made the assertion at the Nigeria Union of Journalist (NUJ), Oyo State Council’s Personality Programme, “Hot Spot”, on Wednesday in Ibadan.
Rather than create more states, Akande called for devolution of powers from the federal to the states to strengthen the second tier of government.
Akande, a prominent Ibadan indigene and proprietor of the first private radio station in the state, argued that there was too much of money in the centre to the detriment of the states
“Let us all campaign for the devolution of powers from the federal to the states rather than creating all the mini states that will not be viable at the end of the day,” he said.
According to him, if more states are created, “money allocated to such states will end up as recurrent expenditure to pay workers salary, pay emoluments and for none existing projects”.
“Unless we can be sure there will be good governance, there will be transparency and accountability, people who will make up the new states will not be different,” he said.
Akande noted that the reasons often given by people agitating for new states was that the government would be closer to the people and most especially to the rural people.
He, however, asked rhetorically “how close are the governors to the populace’’?
“Most of the present states are not viable, so why do we need to create more?’’ he asked further.
“As an Ibadan man, I will not vote for the creation of Ibadan State, because we have 11 local governments in Ibadanland only four of them are viable, others are bankrupt,” he said.
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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.
