Business
NUR Wants Buhari To Improve Rail Transportation System
The Nigerian Railway
Corporation workers, under the aegis of National Union of Railway Workers (NUR), have tasked the President-elect, Gen. Muhammadu Buhari (Rtd) on the need to address the fate of the rail transport industry with a view to furthering the on-going asset rehabilitation and modernisation of the sector.
The President-General of NUR, Comrade Raphael Okoro, gave the task in a statement made available to journalists in Lagos recently.
Okoro said the president-elect should ensure that Nigerians get the best from the railway transport system, expressing optimism that Buhari would further improve and develop the Nigerian railway transportation system to meet global best practices.
Accoridng to him, “considering his unbending patriotism and quest for national development, I am confident and hopeful that Nigerian railway will fare considerably better under the administration of General Buhari.
“What it takes to take Nigeria to higher level of national development and stronger integration is a functional and effective rail transport system. I strongly believe that what determines the extent a country like Nigeria can go in terms of development is its commitment to attaining rail infrastructural proficiency.”
Okoro appealed to the president-elect to come to the aid of the railway workers whom he said are workers most poorly paid and remunerated.
He said the welfare of the railway workers and their remuneration should be of great concern to the president-elect so as to attract skilled and employable Nigerians to the industry and eventually make railway the highest employer of labour it used to be in its hey days.
“Over the years, the federal government has spent several billions of naira on the asset rehabilitation and re-equipping of Nigerian Railway without any impact on the welfare and livability of the workers,” the NUR boss opined.
The comrade further described that the workers who put all these multi-billion equipment to use still suffer poor remuneration and welfare, and also called on General Buhari not to lose sight of the welfare and better condition of service for the railway workers.
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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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