Business
Guarata Dam: Kaduna To Generate 30mw Of Electricity
The Coordinating Director, Multi-purpose Gurara Water Project, Mr Ibrahim Babaji, has said that Kaduna State will get additional 30 mega watts of electricity from the Gurara Dam project by December 2014.
Babaji said this when newsmen on National Good Governance tour visited the site of the project at Kagarko, Kaduna State, on Saturday.
He said the project was initially designed to supply water to the Lower Usuma Dam for use by the Federal Capital Territory.
Babaji said the power generating plant component of the multi-purpose dam had been completed, adding that work on the transmission facility had reached advanced stage.
He said other components of the water project which included the water supply scheme and the irrigation facility were at various stages of completion.
The coordinator said the project which was awarded in 2001 at the cost of N15 billion had been reviewed twice to include the power generation and irrigation components.
Babaji said the review had increased the cost of the project from the N15 billion to N54.4 billion.
The Special Assistant to the Minister of Information, Mr Kingsley Osadolor, who represented the minister, said the project was reviewed to accommodate needs of the people of Kaduna State.
He said in reviewing the project, government considered the electrical and agricultural needs of the people of Kaduna state.
The Permanent Secretary, Kaduna State Ministry of Water Resources, Mr Adamu Kagarko, said the state government was collaborating with the Federal Government to ensure the realisation of the dreams behind the project.
At the Abuja-Kaduna standard gauge rail line, the Director, Rail and Mass Transit, Federal Ministry of Transport, Mr Barau Gafai, said the project would be delivered by December 2014.
Gafai said about 75 per cent of the project had been completed, adding that it was designed to transport no fewer than 350,000 people and 5.6 million metric tonnes of cargo annually.
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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