Business
NDDC Boss Tasks Contractors On Quality Job Delivery
The Acting Managing Director/ Chief Executive Officer of Niger Delta Development Commission, Mrs Osato Iyaseve Arenyenka has called on contractors handling projects for the commission to ensure quality delivery in all the stakeholders states.
Mrs Arenyenka, who made the call recently in Port Harcourt during a meeting with contractors said the essence of the meeting was also to rub minds on how best the new leadership of the commission and contractors can improve the process for the implementation and delivery of projects.
According to her, quality work will improve the living conditions of the people of the area, adding that it was a top priority of the commission.
While assuring the payment of performing contractors upon the reconstitution of the Board, she said outstanding interim payment certificates (ICPs) are being compiled.
She also called on contractors to support president Jonathan’s transformation agenda, as well as his other plans to transform the commission.
Arenyenka, stressed that there would be no payment for the shoddy jobs, and urged the contractors to deliver projects that meet specifications.
“We have discovered that some of our projects are failing, especially road projects . A road that was constructed this year now has potholes. I’ve called you here to find out what the problem is,” she said.
She was of the view that some contractors were not obeying job specifications, stressing that her administration wants to right all wrongs in the commission especially in the area of project delivery.
Contractors have earlieer listed payment of IPCs, projects design, community issues and bureaucratic bottle necks as part of the challenges facing them.
To all those, the NDDC Head, has re-assured them of the commission’s preparedness to address the issues raised to enable the incoming Board to perform effectively.
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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