Business
LASG Seeks Cooperation On Public Projects
The Lagos State Government last week called for cooperation
from communities where ongoing road and other infrastructure development
projects were sited, to ensure their completion on schedule.
Mr Ganiyu Johnson, the Special Adviser to Governor Fashola
on Works and Infrastructure, made the remark at a stakeholders meeting with residents
of Yaya Abatan Street and College Road in Ifako Ijaiye area of Lagos State.
The meeting was meant to intimate the people with the
government’s planned upgrading and rehabilitation of roads in the area.
“Regeneration will not only improve the quality of life, but
also positively affect property value, thus benefiting the people.
“The project in this area will be executed in phases.
“It is only when people forge an alliance with the
government that projects can be delivered promptly and on time,” Johnson said.
The official said the partnership should involve the
resolution of the various issues that might delay the take off of the project.
He cited the issue bordering on the establishment of the
right of way, which would involve the demolition of walls and some fences, for
which the government was soliciting support.
Johnson said the remedy for any demolished structure would
be the title documents and valuation by other agencies.
“On safety concerns and compensation, the adequate attention
will be paid to the safety issues, just as claims received will be promptly
handed over to the agencies of government concerned,” Johnson said.
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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