Business
Reps Urge Contractors To Complete Projects
The House of Representatives Committee on Works has directed contractors handling federal road projects in Abia State to speed up completion of the projects.
The Chairman of the committee, Rep. Ogbuefi Ozo-Mgbachi, gave the directive recently when he led members to inspect federal road projects being executed in different parts of the state.
He expressed concern that while some of the contractors had been fully mobilised, others still had the problem of finance.
He urged contractors who had been mobilised to hasten work to ensure the completion of the projects on schedule.
“Contractors who have collected mobilisation fees but failed to mobilise to site should note that time is of essence and government will note take excuses.’’
The chairman said that the committee would ensure that contractors handling federal government road projects in the state deliver on time and according to specifications.
In order to check sharp practices by contractors, the lawmaker said that members of the committee had resorted to using road testing equipment to ascertain if contractors were working according to specification.
“Before now, members of the committee were not using road testing equipment in its oversight functions.
“But now, we have acquired coring machines and concrete testing equipment to check sharp practices by contractors which often resulted in the collapse of roads.”
Also speaking, the Federal Controller of Works in Abia, Mr Nasiru Bello, said he was impressed that the lawmakers had introduced the use of road testing equipment in the performance of their oversight functions.
He said that the move would compel contractors to take their work seriously.
Bello blamed the poor execution of work on some of the roads inspected by the lawmakers on some engineers deployed to the Abia office of the Federal Ministry of Works.
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.
