Business
NCSU Boss Defends Petroleum Taskforce
The Rivers State Chairman of the Nigeria Civil Service Union (NCSU) and Vice Chairman of the State Joint Negotiating Council, Comrade Opuoyibo Lilly-West, says the petroleum taskforce set up by the Nigeria Labour Congress (NLC) in the state to monitor filling stations, is in order, as it is one of the palliative measures put in place to ensure that fuel is not sold above the N97 pump price across the state.
Lilly-West who made the remarks in an interview with The Tide in Port Harcourt said the taskforce was set up by the chairman of NLC, Chief Chris Oruge shortly after a meeting of the state governor, Rt. Hon. Chibuike Rotimi Amaechi with stakeholders in the oil industry and the organised labour in the wake of the mass protests on the removal of fuel subsidy by the Federal Government in January.
According to him, the taskforce which was inaugurated recently, was set up to monitor filling stations across the state to ensure that they did not sell fuel above the pump price of N97 as well as check the scarcity of the product across the state.
Lilly-West decried the incessant scarcity of petroleum products in the state and the return of long queues at filling stations particularly within the Port Harcourt metropolis and its environs.
While accusing the state Commissioner for Energy and Natural Resources, Hon. Okey Amadi of not doing much to check the ugly trend, the labour leader faulted the commissioner’s position that the NLC taskforce was illegal.
According to him, the commissioner was supposed to work hand in hand with stakeholders in the oil industry and the organised labour to ensure that sanity was restored in filling stations across the state.
He said that the 10-man petroleum taskforce of which he is a member was properly constituted by the NLC, stressing that the alleged threat by the commissioner to arrest members of the taskforce was in bad taste.
On arrears of civil servant’s minimum wage, Lilly-West expressed disappointment that the state government had been unable to keep the promise to commence payment of the arrears from January.
“Honestly, I am surprised. When labour met with the state government headed by the Secretary to the State Government last December, he assured us that payment would commence from January. But as we speak now, one naira has not been paid to any civil servant. What has led to this, we don’t know. We are not happy because our members have no more confidence in us.
“The government should therefore, act urgently,” he said.
Lilly-West also decried the short paying of civil servants and the delay in payment of salaries by some banks, saying, “we can no longer fold our arms and watch workers being subjected to untold hardship.
He, therefore, urged ICT and the banks to brace up or face the wrath of labour.
Donatus Ebi
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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