Business
Dry Cleaners Want Quick Implementation Of Power Roadmap
Operators of small-scale dry cleaning businesses in Lagos on Tuesday urged the Federal Government to fast-track the implementation of the power roadmap to enhance economic growth.
They told our correspondent that power supply remained critical to the survival of their business.
Mrs Omolara Kushimo, a dry cleaner, said that irregular electricity supply had forced most dry cleaners to incur extra business cost due to their dependant on power generating sets.
Kushimo said their worry stemmed from the fact that money spend on diesel daily could have been used for business expansion and creation of jobs for Nigerian youths.
“The greatest challenge in dry cleaning profession is poor electricity supply and to remain in the business, I use generating set as an alternative source of power.
“The money I spend on diesel daily is enough to expand my business and employ more hands,” Kushimo said.
She also urged government to evolve a sustainable energy policy that would encourage the growth of cottage businesses in the country.
“On a good day I make an average of N5,000 after deducting all the expenses I incur,” Kushimo said.
Mr Olalekan Babatunde, another dry cleaner, said that government should subsidise the equipment and chemicals used in the dry cleaning profession.
Babatunde said that government should encourage and enhance the efficiencies of operators by providing the necessary infrastructure, such as power, water and good roads.
He also advocated a subtle policy that would compel financial institutions like the micro-finance banks to provide soft loans for small-scale entrepreneurs.
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
-
News5 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports5 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics5 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics5 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports5 days agoPalace ready To Sell Guehi For Right Price
-
Sports5 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports5 days agoTottenham Captain Criticises Club’s Hierarchy
-
Sports5 days agoNetball ‘Project 2027’ Sets Higher Target
