Business
Communities Demand Roads, Drainages
Residents of Ijeododo, Ijegamo, Okerube, Fagbile and Abaranje in Igando/Ikotun Local Council Development Area, Lagos, have appealed to Gov. Babatunde Fashola, to construct roads and drainage to reduce their hardship.
They told newsmen on that their communities were not habitable due to the absence of drainage channels.
They said that they were usually cut off by flood anytime it rain, adding that the roads were inaccessible during downpours.
An Ijegamo resident, Chief Abiodun Ajayi, told The Tide source that fares go up by over 200 per cent when it rain.
Another resident, Mrs Janet Mathias, said that most parent were afraid of the possibility that their ward might drown.
“Last year, a child drowned and the body was discovered the next day,’’ Mathias said.
A landlord in Ijeododo, Mr Vitalis Ukewuihe, told reporters that he once abandoned his house because of the state of the roads during heavy downpours.
“The place is very sandy and many cars breakdown in the flooded roads,’’ Ukewuihe said.
He said that the road condition in the communities had forced many people to patronise commercial motorcycles, popularly called ‘Okada’.
“These Okada guys now charge so much from us because they know many of us will always engage their service,’’ he said.
A resident of Fagbile community, Miss Juliet Igwe, a school principal, said: “our roads here have never been tarred; some were only graded early last year.
“But during the rainy season, they are usually flooded, messy and also extremely dusty during the dry season,’’ Igwe said.
Business
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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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