Business
LASG Rolls Out Projects Specification Guidelines For Contractors
The Lagos State
Government, says it has presented contractors with the minimum design specification and quality of works guidelines for road works.
The Commissioner for Works and Infrstructure, Mr Femi Hamzat, in a statement, said the action was to get value for the expenses being incurred on the on-going massive development of infrastructure in the state.
“The new regime of specification is designed to ensure not only the quality of work but also promote safety standards at construction sites.”
According to Hamzat, the introduction of the Public Procurement Law by the State Government has made it imperative for contractors to be more personally involved in the process of decision taken while negotiating for the contracts.
The Commissioner said that apart from the on-site standards, the State Government had introduced a community ownership strategy in monitoring its projects.
He also said that the Ministry’s websites, the addresses and names of contractors would be displayed.
Hamzat said that international safety standards applicable to the industry must also be complied with by all contractors, warning that failure to comply with the guidelines would lead to blacklisting of the contractors concerned.
“The new project signboard with the inscription “Lagos at Work” must be put up at the commencement of any project and removed immediately the project is completed.”
He explained that the specifications covered standards such as duration, provision of walkways which is physically challenged friendly, streetlights, standard size of service ducts and other technical specifications.
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
-
News2 days agoNigeria Has Woken Up From Slumber Under Tinubu – Shettima
-
News2 days agoOji Clears Air On Appointment Of 15 Special Advisers By Fubara
-
Featured2 days agoRivers: Impeachment Moves Against Fubara, Deputy Hits Rock …As CJ Declines Setting Up Panel
-
News2 days ago
Nigeria To Begin Exporting Urea In 2028 -NMDPRA
-
City Crime2 days ago
Health Commissioner Extols Fubara’s Commitment To Community Healthcare Delivery
-
Niger Delta2 days ago
Tinubu, Leading Nigeria To Sustainable Future – Okowa … Lauds Oborevwori Over Uromi Junction Flyover Construction
-
News2 days ago
US – Nigeria Security Engagement Translating Into Tangible Operational Gains – NSA
-
News3 days agoEFCC Indicts Banks, Fintechs In N162bn Scams
