Business
Association Commends FG For Power Sector Committee

L-R: Dr Elizabeth Eterigho of Federal University of Technology Minna, Mr Alex Nenyin, Gacmork Nigeria Ltd and retired Prof. Robert Ebewele, Department of Chemical Engineering, University of Benin, at the ptdf 2nd annual oil and gas research grant competition close-out seminar 2014 in Abuja, recently. Photo: NAN
The Senior Staff Association of Electricity and Allied Companies (SSAEAC) has commended Federal Government for establishing a Technical Working Group (TWG) in the power sector.
The Secretary-General of the association, Mr. Abiodun Ogunsegha who spoke with newsmen on Friday in Lagos, said it would instil industrial harmony in the sector.
The Tide source reports that Federal Government had on April 28 inaugurated the TWG to develop operational guidelines on industrial relations in the power sector.
Minister of Labour and Productivity, Chief Emeka Wogu, while inaugurating the committee in Abuja said industrial peace and harmony were critical to the realisation of the transformation in the sector.
Ogunsegha said that the setting up of the TWG was a good development in a privately driven sector.
“The industrial relations atmosphere has changed from public sector to private sector; the practices are not the same.
“So the essence of the committee is to look for a way as it is being done and come up with a modality by which we will practice industrial relations in this new private sector.
“This is the purpose of the new committee and we are not opposed to it, it is a good development,” he said.
Ogunsegha said that with the setting up of the committee, the government had realised that the power sector faced many challenges.
“This has indicated that the government is aware that there are challenges which have arisen because we are transforming from public sector to private sector,” he said.
The secretary-general urged the government not to substitute the normal industrial relations practice in the industry with the committee.
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.
