Business
Commission Tasks Civil Servants On Thrift, Investment
The Nasarawa State
Local Government Service Commission last Thursday, advised civil servants in the country to form cooperative and thrift societies to better their standard of living after retirement.
The Director of Administration and Supply of the commission, Mr John Danlami, gave the advice in an interview with journalists in Lafia.
He said it was only when civil servants planned well and formed cooperative and thrift societies that their standard of living would be better after retirement.
He said, “It is unfortunate that most retired civil servants in the country find life difficult after retirement and this is due to poor planning while in active service.
“There is poverty in the country, but one of the ways to plan for life after retirement is to plan ahead and be aware that life continues.
“It is not how much one spent or receives while in active service, but how well one plans before the retirement.
“I am calling on civil servants to form cooperative and thrift societies in order to save little amount of money in order to get something to fall on after retirement.
“For instance, in our commission here, there is cooperative society where civil servants can belong based on their strength ahead of retirement.
“This was done in order to better their lives after retirement,” Danlami said.
The director said: “Anyone who fails to plan, plans to fail.’’
“Anyone who starts to plan early would never lack, but would continue to contribute his quota to the national development, even after retirement.”
Danlami thanked both the state and the federal governments for their determination to improve the standard of living of their citizens for the overall development of the country.
He appealed to the people to embrace peace and tolerate one another, irrespective of their ethnic, religious and political affiliation.
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.
