Business
NDDC Assures Of Quality Project Delivery
The Niger Delta Development Commission (NDDC) says it is committed to deliver quality projects in Akwa Ibom.
The Commissioner representing Akwa Ibom in the NDDC Board, Mr Imaobong Inyang, said this in an interview with our correspondent in Uyo.
Inyang commended the level of work done on Eket-Ibeno road, a link way to the operational base of Mobil Producing Nigeria (MPN) at Qua Iboe Terminal.
He commended the contractor for involving the host community in the execution of the road project, adding that Eket-Ibeno road had remained the only access to MPN since 1970 until recently.
“We are poised to combat project abandonment. The present board makes sure any contractor, who completes work, gets paid within two weeks.
“Any project that is 70 per cent completed, we encourage the contractor to go back to site and complete the work.”
Inyang, who was the former chairman of Nigerian Society of Engineers (NSE), Eket branch, said that his priority as NDDC Commissioner was to complete all on-going projects in the state.
“Quality delivery of all projects is our focus, we expect to deliver our projects as at when due.”
He said there were over 270 on-going projects handled by NDDC in the state.
Inyang expressed optimism that the present NDDC Board would fast-track development in the Niger Delta region if given the necessary support by all stakeholders.
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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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