Business
Politicians, Obstacle To National Dev -Prof Anya
Nigerian politics has been described as the most important obstacle to national development.
This assertion was made yesterday by Prof Anya O Anya while delivering the 29th Convocation lecture of the University of Port Harcourt.
He lamented that the collection of half educated political jobbers with no commitment to any vision or values have driven the country into the paradox of being ruled by cabals and other private interest in an otherwise democratic dispensation.
Prof Anya who is recorded as the first Nigerian experimental and basic scientist to win the Nigerian National Merit Award (NNMA) noted that while the political leaders might inveigh against corruption, the current system was being driven by greed, deceit and dishonest maneuvers by scammers of all varieties as 419ers, credit card scammers and even ex-convicts which he said the presidential powers had inflicted on the polity despite indicted malfeasance.
“A former DIG of Police who transformed into Senator, once cried out in obvious embarrassment on the floor of the Senate that many of his distinguished colleagues in the hallowed chambers of the Senate of the Federal Republic were those whom he had the unfortunate duty to investigate for indictable criminal offences”, he said.
Prof Anya remarked that the assumption that was popular in the 1970s that resource rich countries enjoyed a comparative advantage in their efforts for long term economic development has been upstaged by an emergence of a new idea that countries can enjoy some comparative advantage in their effort for economic development on the basis of their human capital development of expertise, skills and education in general.
In his topic, titled: the Idea and Uses of the University in the 21st Century, the academician stated that by the law, the National Universities Commission had the responsibility to regulate and oversee the development of universities in the country but regretted that the rapid explosion in the number of universities in the last 20 years have created strains and stresses in the NUC’s ability and capacity to satisfactorily discharge its responsibilities.
Prof Anya, a one time chairman of NUC committee on the objectives, academic and administrative structure of the universities of Technology maintained that under provision of financial resources to the underdevelopment of needed infrastructure as well as lack of trained manpower particularly of academic teachers, the story is one of criminal neglect and called for adequate funding of universities across the country.
Physical facilities for teaching and learning in public universities, he said were inadequate, dilapidated, overstretched and improvised, adding that there was much pressure on existing facilities due to unplanned expansion of programmes.
Chris Oluoh
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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