Business
Expert UrgesAccurate Data On Housing
The Executive Secretary, Lagos Chapter of Nigerian Institute of Building, Mr Fadil Elegbede, on Thursday said that Nigeria needed accurate information to solve its housing problems..
Elegbede told newsmen in Lagos that adequate data would enable the government know the number of people living in available houses.
“The data will reveal the number of old and new houses; the number that needed to be demolished and the number that require renovation.
“The data should capture the dependant and the independent class, the needy, the working class, the number of people with and without accommodation, among others,” he said.
Elegbede said that at no time had the population census provided such information, adding that past census exercises only revealed the number of persons in the country.
According to him, there is no data on housing of this kind that the government can work with.
“For instance, knowing the number of people in schools, the government will in the next five years know the number of students the will graduate, get work and that will be looking for accommodation.
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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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