Business
Ministry Tasks RBDAs On Revenue
The Permanent Secretary, Federal Ministry of Water Resources, Mr Istifanus Musa, last Wednesday urged the River Basin Development Authorities (RBDAs) to improve on their sources of revenue generation.
This is contained in a statement signed by Mrs Boade Akinola, Deputy Director, Press and Public Relations Unit, and made available to newsmen in Abuja.
The statement quoted the permanent secretary, as making the call at the thanksgiving service, awards and send-forth organised by the Cross River Basin Development Authority in Calabar, Cross River.
Musa said that the economic challenges currently facing the nation should encourage the management of the ministry and RBDAs to re-strategise towards achieving their desired goals.
He urged the River Basin Development Authorities to improve on their sources of revenue generation.
“Our ministry expects the Management and Staff of the River Basin Development Authorities to improve on revenue generation; optimise the use of available assets and ensure judicious utilisation of government funds.
“We will continue to accord high premium to staff matters so that you can contribute your best,” he said.
Musa expressed the hope that the award would encourage staff to put in their best in the service, which would later translate to maximum output.
“We believe in recognition as a very positive human developmental practice and we commend the Cross River Basin Development Authority for this gesture.
“We expect this event to improve the family spirit among staff.
“It is our hope that the nomination of staff for the various awards have followed the due process of objective assessment and that only the deserving staff are rewarded,” he said.
The permanent secretary reiterated the ministry’s commitment to discharge its duties within the available financial resources.

Representative of Managing Director, NDDC and Director, Projects, NDDC, Engr Tuoyo Omatsuli (2nd left), presenting the Empowerment bag to one of the beneficiaries from Rivers State, Miss Oroma Otuonye (right), during the Youth Empowerment Programme organised by the commission, last Wednesday in Port Harcourt. Photo:Nwiueh Donatus Ken
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.
