Business
NAFDAC To Establish Mobile Courts For Hawkers
The National Agency for Food and Drug Administration and Control (NAFDAC) says it is collaborating with various state governments to establish mobile courts to try drug hawkers.
The Director-General, Dr. Paul Orhii, stated this during a sensitisation seminar in Benin City for the newly appointed NAFDAC Local Government Desk Officers in Edo State.
Orhii, who was represented by the zonal head, South-South zone; Mrs. Lillian Duru, said the agency was re-strategising in its task of wiping out counterfeit and fake drugs from the country in the understanding that criminals that engage in the unlawful practice are un-repenting and always changing their tactics.
He said the meeting with all local government areas newly appointed NAFDAC Desk officers is intended to solicit their collaboration in communicating information to rural dwellers on the ill effects of drug hawking and assist NAFDAC in controlling illegal advertisement of herbal medicines.
The NAFDAC boss stated that the sustained war against fake drugs has led to the increase in production capacities of local pharmaceutical industries, drop in circulation of counterfeit drugs to 16.7% from 40 to 70% in 2011, upward movement in the share prices of pharmaceutical companies quoted in Nigeria Stock Exchange (NSE) as well as the confidence level of ‘made-in-Nigeria’ drugs, among others.
Orhii further disclosed that NAFDAC has increased collaboration with local and international organisations such as SON, NDLEA, PCN, NCS, CPC, WHO, DFID, UNODC, USFDA, USAID, GAIN, UNICEF, IMPACT, etc.
He said the agency is faced with numerous challenges which includes under funding, under-staffing, chaotic drug distribution (open drug market) and inadequate legislation (weak penalty for offenders).
He told the desk officers in the 18 local government areas of Edo State to see this as an enlistment into the crusade to promote and safeguard the health of Nigerians.
The NAFDAC co-ordinator in the state, David West reminded the desk officers that their roles in the local government areas were that of whistle blowing, by alerting NAFDAC on the incidence of unwholesome NAFDAC regulated products.
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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