Business
‘Free Mass Transit, Not For Intra-state Ride’
The Nigerian Railway Corporation on Thursday explained that its free train ride service was for commuters travelling from Lagos to Ilorin.
The Lagos District Public Relations Officer, Mr Ademuyiwa Adekanbi, said in Lagos that trips within the states were not free.
He said that the explanation was to disabuse the minds of commuters of the intra- state Mass Transit Train Service (MTTS) who had hoped to board the train for free.
According to reports some commuters had thought the one-week free ride announced by the corporation on March 16 covered all trips by train.
A trader, Alhaji Abdulkareem Adisa, who was at the Ebute-Meta station on Thursday to board a free train to Ijoko in Ogun, was shocked when he was told to buy a ticket.
“I thought the free ride offer was for both intra- and inter-state trips for one week like it is often done by the Lagos State Government on its Bus Rapid Transit (BRT) buses,’’ Adisa said.
A civil servant, Mrs Angela Obi, who said that she never took a train ride before, explained that she was at the station to enjoy the free ride within Lagos State.
“Being on my annual leave, I thought I should take a free ride on the train to Ijoko and back to Lagos to have the experience of riding in a train but I was surprised when they asked me to pay.
“I am surprised that they also said the free ride was for long distant stations only. I did not come with money and I am not ready for a distant journey.
“I have no choice than to go back home but I would have wished to ride on the first class coach to enjoy its facilities,’’ she said.
Reports said that the free ride, which commenced on Wednesday with ten coaches, one of which was a first class coach, conveyed no fewer than 100 commuters from Lagos to Ibadan.
The railway District Manager, Mr John Dottie, noted that the train would for now terminate at Ibadan due to technical faults dictated by railway engineers on Monday, after a test run on the Lagos-Ilorin tracks.
Dottie said that since the tracks could not be vouched for beyond Ibadan, the journey had to be terminated there.
He said, however, that the free ride service might be extended to Ilorin in subsequent journeys before the expiration of the exercise on March 30.
Reports said that the free ride train departs Iddo in Lagos at 9 a.m. passing through Agege, Ijoko, Abeokuta, Ibadan, Iwo, Ede, Oshogbo, Ikirun, Inisha, Offa, and terminating in Ilorin.
It leaves Ilorin to Lagos through the same route the following day.
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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