Business
Reps To Intervene In Electricity Workers Looming Strike
The House of Representatives on Wednesday resolved to intervene in the planned strike by the National Union of Electricity Employees (NUEE).
This followed a motion by Rep. Tajudeen Yusuf which was unanimously adopted when put to vote by Speaker Aminu Tambuwal.
Leading the debate, Yusuf urged the House to intervene in the demand by workers in the power sector for a 50-percent pay-off emoluments due to deregulation of the sector.
He said the Union had planned to embark on a one-day warning strike that would be disastrous to the nation.
It would be recalled that the negotiated 50 per cent emolument had been a subject of dispute between the workers and the Federal Government for some time now.
But based on a directive by Vice President Namadi Sambo, a meeting was held on June 28 at the Federal Ministry of Labour and Productivity.
The initiative was to fast-track the implementation of the negotiated agreement between the Federal Government and Labour Unions in the power sector.
Rep. Patrick Ikhariale said that the fears being expressed by workers in the sector over government’s deregulation efforts were not genuine.
He cautioned that reversing the process would take the country 10 years backward from what had been achieved so far since 2002 when the deregulation process began.
Ikhariale said though he was not opposed to the idea of advising the workers, as well as appealing to their conscience, there was need for caution.
Rep. Aminu Suleiman who opposed Ikhariale’s view accused the authorities of insincerity to implement the agreement reached with the workers’ union.
“If we allow complete privatisation of the sector as presently constituted, the whole workers stand the risk of losing their jobs,” he said.
Suleiman advised the House to immediately intervene while a permanent solution should be worked out.
Others who spoke on the motion were Mohammed Wudil, Zakari Mohammed and Babatunde Adejare.
Meanwhile, the House has given the Federal Ministry of Works two weeks to explain why the contract for the rehabilitation of the Benin-Auchi-Okene road had not been implemented several years after it was awarded.
It also directed the Federal Roads Maintenance Agency (FERMA), to as a matter of urgency, begin repairs on the road and others in bad shape in the country.
This followed a motion by Rep. Abubakar Momoh which was also unanimously adopted by the House.
He said that the portion of the highway which linked States in the South-South and the South East to Abuja now posed danger to motorists.
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.
