Business
Directors Canvass For Boost Industrial Dev Centres
Directors of Electrical and Mechanical Engineering Departments from the federal and state ministries of works have called for the re-invigoration of industrial development centres across the country.
The directors made the call in a communiqué issued last Thursday after their 37th national conference held in Abuja.
The communiqué was signed by Mr Jerry Ovuewhore, Director, Electrical and Mechanical Service Department, Federal Ministry of Works.
In the communiqué, the conference encouraged governments at all levels to revive and modernise technical and vocational schools and colleges.
This they said would provide the much needed technical manpower and alleviate the current unemployment crisis in the country.
The directors also recommended that as part of efforts to curb security challenges, government should provide a three- digit national emergency number that should be widely publicised.
It urged the government to shift from the conventional highway street lighting fittings to energy saving and efficient lamps to address the present energy crises in the country.
The directors also want the challenge of low illumination and inferior components associated with solar lighting installations at the moment to be subjected to further research and development,
“Government should vigorously pursue the provision of street lights along major highways and bridges to ensure security of lives and properties.
“Surveillance cameras should be provided along the highways for the same purpose and should be installed in strategic dark spots,” the communiqué said.
The directors encouraged electrical and mechanical engineers to play relevant roles in the planning and execution of engineering infrastructure, especially road infrastructure, with due adherence to international best practices.
The next conference of the directors will take place in Bayelsa in 2012.
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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