Business
Engineers Want Professionals In Building
The Nigerian Society of
Engineers has reiterated the need to engage professionals in estate development and construction of private buildings.
The Chairman, Nigerian Society of Engineers, Abuja Branch,Mr Yakubu Garba, underscored this need in an interview with newsmen in Abuja recently.
The chairman spoke at the sidelines of the three-day Water Africa International Trade, Building and Construction Exhibition holding in Abuja.
He noted that while imbibing innovations in the construction industry through improved technology, house owners and developers needed to fully adhere to the proper terms of construction.
“We need to develop the construction industry in Nigeria, especially with cases of building collapse, burnt roofs and other lapses.
“We are asking the estate developers to engage professionals in the construction industry.
“In most cases when constructing a high-rise building, people don’t employ the services of a structural engineer, rather a relation is put to manage the job.
“Most people see the building industry as very lucrative and an easy way to make money, so everybody rushes into it whether they studied it or not.”
He noted that the organisation had conducted investigations into various cases of collapse and observed that the erection of those buildings did not follow due building procedures.
“Through our investigations, we can say that professionals in the building environment are not responsible for the collapse.
“ The problem we are having is that the Nigerian society does not understand that buildings have processes.
“Poor constructions, and at other times, poor building materials are the things we need to address because when a building goes down, it’s always fatal.
“Don’t just construct any house, but construct a house that you can leave for your children and great-grandchildren to inherit and this is only possible by engaging professionals.”
Garba, further underscored the need for effective environmental impact assessment on project sites and the need to imbibe the culture of tree planting.
“As soon as you plan to put the foundation of your house, immediately plant trees so that the house will grow with the trees; it provides air.
“We can learn from Singapore, its climate is like that of Lagos, a rainforest but you see that Singaporeans plant trees everywhere even on top of their hotels.
“If you go round their construction and manufacturing industries, they will tell you their policy is green, green and green.
“The reason is that the trees provide oxygen which neutralises the effects of gases being emitted by their industries, thereby purifying the air.
“Tree planting is very important; we have it but unfortunately we are felling them indiscriminately without replacing,” he said.
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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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