Business
Driving Schools Reactions Trail FRSC’s Approval Deadline
The plan by the Federal Road Safety Corps (FRSC) to enforce the closure of unapproved driving schools in Rivers State this month has attracted reactions from operators of driving schools. Operators have said that the decision to embark on enforcement of closure of unapproved driving schools, especially in Rivers State did not show that government is interested in the growth of small businesses enterprises in the road transport sector.
One of the proprietors of driving school, Henry Chukwu, said that the decision of the FRSC did not in any way give encouragement to operators that are already making efforts to stabilise as well as give classical training to drivers.
Chukwu who operates a driving school – The Redeemer Driving School – along the East-West Road, said the current requirements by the FRSC was very high, and wondered how many driving schools in Rivers State will be able to meet up with such demands.
As for Smith Usoro, also a driving school proprietor within the Obio/Akpor area, the new move by the FRSC does not go down well with operators, adding that it could be a ploy to pave way for only FRSC to now own and operate driving schools.
According to him “what is the rational behind FRSC asking driving school operators to acquire vehicle that have dual control mechanism, protector, library, vision acuity test among others. It means they want to take over the business of driving school, and how many schools existing in Rivers will be able to meet up with such conditions for operations.
Smith who operates the UNIQUE driving school along the East-West Road axis, however urged the FRSC to reconsider its stance on enforcement so as to give them enough time to acquire materials gradually.
The FRSC Rivers State had said that it might begin the enforcement of driving school regulation anytime after June, so as to set the required standard.
The Head of Safety Standard and Training of FRSC, Rivers State Sector, Mr. Amaechi had said that any driving school that want approval must have an office structure, road worthy vehicles with dual control, accredited staff/instructors that are trained by FRSC, course manual, Highway Code/Traffic regulations, first aid facilities and fire extinguishers.
Other requirements are television, road side models, projectors, magnetic board, library and vision acuity test. These are to enable driving schools meet the FRSC acceptable standards.
Corlins Walter
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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