Business
May Day: NGO Wants FG To Abrogate Contract Staffing
A non-governmental
organisation, Advocacy for Peace, has urged the Federal Government to abrogate contract staffing in the public and private sectors.
The Executive Director of the organisation, Mr Owolabi Ajibola, made the call in an interview with newsmen in Osogbo recently.
Ajibola said the idea of temporary engagement of some workers in an establishment, where they carried out the same task as permanent workers posed a threat to industrial harmony in the country.
According to him, the greatest factor for high productivity and peaceful work environment is the assurance of job security and prompt payment of salaries.
“It is regrettable that the high unemployment in our country today has created the vacuum for industrial slavery in the name of contract staffing.
“It is so common in the manufacturing sub-sector where we have quite an appreciable number of foreigners as employers; they hire and fire Nigerian workers at will as if there is no extant labour law.
“Cases abound where a temporary worker will get injured in the line of duty and the employers will hide under the temporary status of the worker not to pay any compensation,” he said.
Ajibola said that temporary employment for Nigerians amounted to slavery and was negative to labour laws, and stressed that government should urgently do something to end it.
“I want to say categorically clear that the concept of contact staffing is tantamount to slavery and antithetical to labour law as relates to the work condition of workers in a particular country.
“Government should use the occasion of the 2014 Workers’ Day to address this salient issue and create an enabling environment for Nigerian workers,’’ 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.
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