Business
Expert Blames Poor Roads On Surveyors Exclusion
A former Chairman of
the Nigerian Institute of Quantity Surveyors (NIQS), Lagos State Chapter, Mr Wasiu Akewushola, last Thursday blamed highway failures in the country on the exclusion of quantity surveyors in the award of road contracts.
Akewushola told The Tide in Lagos that standards were usually compromised because of the absence of surveyors in contract awards.
He noted that governments at all levels had ignored the important roles of quantity surveyors.
The development, according to him, gave room for corruption in road construction and the eventual failure of the roads.
“Shoddy jobs, inadequate materials and a lot of things not being put in place are responsible for why roads fail.
“Government does not allow the quantity surveyors to work on road projects, 90 per cent of road contracts in Nigeria do not usually involve quantity surveyors.
“Professionals know what it means to construct good roads, but non-professionals award contracts and help contractors to cut corners, said Akewushola, a quantity surveyor.
The former NIQS boss, who is also the Lagos branch Chairman of the Association of Professional Bodies of Nigeria, said exclusion of surveyors also gave room for inflation of contract sums. He said that most projects were starved of good materials because there were no surveyors to enforce accepted standard measurements for materials.
Akewushola said Nigerian roads were among the most expensive roads in the world.
“The most expensive roads in the world are Nigerian roads because quantity surveyors are not involved as contractors just put any amount. “We have made our position known to governments at all levels, but nothing has been done.’’
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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