Business
Former Minister Decries Poor State Of Infrastructure In Abia
A former Minister of Finance and Economic Planning, Dr Kalu Idika Kalu, has said that the state of infrastructure in Abia State fell short of the aspirations of its founding fathers.
Kalu told newsmen in his country home, Ohafia, that the euphoria that greeted the creation of the state 22 years ago, seemed to have waned due to under-development.
The former minister also decried the lack of manpower development in the state.
He said the ingenious artisans in the state, particularly in Aba, the commercial nerve centre of the state, were the worst hit.
“When Abia was created, I felt so proud not because I thought we should be split into so many states, but because I thought we had the potential to place Abia as one of the top states in the nation.
“As a commissioner then in the old Imo State, I remembered coming into Aba when they were opening the NTA office in the town and we had lots of designers there.
“Take for an example people in the textile and garments industry, these are people that need just a little support to get to the global stage of designing,” he said.
He alleged that “22 years down the lane, no meaningful development has taken place in the state’’.
Kalu added that a situation where critical infrastructures were in deplorable condition and in most cases non-existent was regrettable.
“We have not lived up to expectations and we still have a long way to go to create viable agriculture, industries and proper infrastructure.
“There is no question that we need to do a lot more and part of the problem is that we have not really had time to amplify our resources beyond the ones we know.
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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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