Business
Housing: Experts Want Emergency Escape Windows
Some real estate experts have canvassed the need for the
provision of effective emergency escape windows in buildings and structural
planning nationwide.
They told our correspondent in Lagos that the recorded
casualty in building collapse and flooding was due to the absence of escape
windows and poor structural planning in the country.
Mr Afolabi Solesi, the Chairman, Nigerian Institution of
Surveyors (NIS), said that poor drainage and incessant flooding could be
addressed with organised planning.
He said that good land survey would showcase the status of
every land and building in the country.
Solesi said that mapping would help to direct the government
and individuals to suitable sites for construction, adding that survey remains
the bed rock of development
He bemoaned the delay in passing the national mapping bill
presented to the National Assembly by professionals in the building and
construction industry.
“We hope that the bill would soon be signed into law to
strengthen the construction operations of the building industry.”
Mr Akomolafe Ademola, the Executive Secretary, NIS, urged
various professionals in the industry to collaborate and provide solution to
the nation’s structural defects.
He said that speedy harmonisation of the professionals would
help in addressing the issue of poor structures in the country.
Ademola said that preference of quacks by individuals and
corporate organisations because of cost remained a contributory factor to the
large number of poor structures across the country.
Mr Chucks Omeife, the National president, Nigerian Institute
of Building (NIOB), said the high rate of quackery in the industry had impacted
the industry negatively.
He urged the government to enact a law that would allow only
qualified professionals to engage in building and construction.
“It is amazing how an artisan would follow you to a site
today and claim to be a professional tomorrow.”
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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