Business
Minister Seeks Collaboration Among Govt Agencies
The Supervising Minis
ter of Science and Technology, Mrs Omobola Johnson, has called on all departments, parastatals and agencies under her ministry’s purview to collaborate with each other.
Johnson made the call at the first Bi-monthly Ministerial Meeting with the Permanent Secretary, Directors and Directors-General of agencies under the ministry in Abuja recently
The minister said this was necessary in order to achieve the ministry’s mandate.
She said all departments, parastatals and agencies under the ministry must work collectively and foster better collaboration to achieve results, if the sector is to move forward and achieve its mandate.
“The unwillingness of departments, parastatals and agencies to work together has shown that we are not aligned to the policies and goals of the ministry.
“The lack of funds for the pursuit of capital projects has really hampered the vision and focus on the greater picture of what the ministry is set to achieve, and this does not encourage industrialisation.
“We should focus on those things we are doing differently which will have greater impact on the sector as a whole,’’ the minister said.
She therefore urged the heads of agencies to forge stronger working relationships because working as a team would enable the agencies achieve their mandate faster.
“This will even lead to faster improvement in the sector,’’ Johnson said.
On inter-agency disagreements and over-lapping of functions, the minister said each department or agency has a mandate on what it was set to achieve.
“This has been expressly spelt out in the acts which established them,’’ she said.
Johnson said while disagreements were bound to occur in the discharge of duties, a good understanding of the ministry’s focus would help in ensuring such issues could always be resolved.
She admonished them to have linkages with companies which could buy patents of their research findings and to focus on research on the use of local raw materials for industrial use.
The minister said this would help in bringing a better growth to the industry, thereby creating more jobs for the citizens.
She, however, said the ministry had made significant progress since she came into office as the supervising minister seven months ago.
“This is evident in the inauguration of the National Research and Innovation Council (NRIC) by President Goodluck Jonathan, the growth in the ICT sector, as well as the involvement of more women in ICT, to mention a few,’’ Johnson said.
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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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