Business
Colour Code To Sanitise Transport Sector – EDSG
The Edo State Government has said that the re-introduction of colour code for commercial vehicles in the state was to sanitise the transport sector.
The State Commissioner for Transport, Mr Omo-Ojo Orobosa, said this while speaking with newsmen in Benin yesterday.
“We are re-introducing the colour code 23 years after and the benefit of this is to streamline the operation of commercial vehicles and for commuters to identify the lawful ones from the ‘Kabukabu’ operators.”
He said that security reports showed that criminals were using unpainted cabs to perpetrate crimes in the state.
Orobosa said that his ministry had been inundated with security reports that most of the kidnap and robbery cases in the state were perpetrated by drivers who use unpainted vehicles.
“So by January7, 2014, it became a traffic crime to commute passengers from any point in the state without your vehicle painted.
“Or in the alternative, if you are an inter-state vehicle, operating between Benin city to Delta state, we have now told them that such vehicles must bear colour code exemption permit on their windscreen.
“That means you have been captured by our data bank permitting you to operate as a commercial vehicle operator,” he said.
Orobosa said that the ministry had similarly introduced designated bus stops to reduce traffic congestion.
“We have identified about 320 bus stops spread across 56 roads and about 18 routes in Benin City made up of Oredo, Ikpoba, okha and Egor local government areas.
“The ministry, collaborating with transport unions and other stakeholders, can now easily identify which route a particular commercial vehicle plies with the introduced numbering and tag system,” he said.
The commissioner said that the ministry of justice had approved two mobile courts for the ministry where traffic offenders would be tried.
“I want to say that in the last four weeks so many traffic offenders, including government-owned vehicles, had been impounded and the drivers tried.
“All these are geared towards ensuring that our roads become safe for our use.
“We are collaborating with all traffic agencies including security outfits to achieve our desired aim.
“The ministry has managed to refurbish about 10 operational vehicles to improve operational logistics of the transport unit as well as other agencies under the ministry,” he said.
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.
