Business
FERMA Commissions Observation Camp In Ahoada
The Federal Roads Mainteinance Agency (FERMA), has commissioned its observation and service camp at Ahoada, headquarters of Ahoada East Local Government Area of Rivers State, in order to tackle traffic related challenges.
The service camp will house the offices of the Police, Road Safety Corps, FERMA and a clinic that will attend to accident victims on the high way.
In his address during the commissioning ceremony in Ahoada Town recently, the Managing Director of FERMA, Engr. Gabriel Amuchi said the project was in line with President Jonathan’s bid to improve on the infrastructure development in the country.
Amuchi who was represented by the General Manager Road Support Services and Facility Management, Alhaji Abubakar Dunama Ahmed, said the transportation sector was part of the president’s transportation agenda thus, the observation camp.
According to him, the president has directed the agency to commission all completed observation camps to serve as take off points for surveillance team.
He noted that it will also serve as base for preventive maintenance unit, quick response zone in time of road accident also aid police in combating heinous activities along the federal high ways.
The FERMA boss, further hinted that the commissioned observation camp will among other things, act as parking lots for broken down or contravened vehicles by Federal Road Safety Corps (FRSC) and the development of host communities.
“The road is of great importance to the socio-economic life of the people. The inhabitants will use this road tremendously in the movement of farm produce to market centres and road transportation in Nigeria and anywhere else in the world is the prime mover of economic development”, he said.
He stressed that other forms of transportation such as air, rail and water depend on road transportation, hence the need to keep the country’s roads motorable all-year-round.
The Tide gathered that about 99 of such camps have been built across the six political zones of the country while 73 more are under construction.
He maintained that safety of road users is paramount in FERMA’s scheme of things, adding that the agency will endeavour to construct more of such camps across the country.
Also speaking the FERMA, zonal co-ordinator South South 1, Engr Kpakol Israel, said the camp would play a key role in the function of the surveillance team created by the managing director.
Israel, noted that the Ahoada camp was the second in the state after the one at Isiokpo in Ikwerre Local Government, adding that it is a clear indication of FERMA’s effort to ensure safety of all road users.
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.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics5 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business5 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports5 days agoJ And T Dynasty Set To Move Players To Europe
-
Politics5 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business5 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics5 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business5 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment5 days agoAdekunle Gold, Simi Welcome Twin Babies
