Business
Housing Estate Residents Appeal For Drainage
Residents of the
Lowcost Housing Estate at Iriebe in Rivers State, have decried the lack of proper drainage system in the estate as the rainy season reaches its peak.
One of the residents, who gave his name as Mr. Badje, said in an interview that the lack of drainages has made living in the estate difficult, noting that the roads were constantly flooded and muddy.
Badje also said the rain water, which has no outlets, drain into the sewage tanks, saying, “this excess water causes our sewage tanks to fill up very quickly and start to overflow into the roads and also cause obstructions in our bathrooms, preventing us from using them”.
He further said, “this doesn’t only cause us some discomfort. It also causes us money as we have to drain the tanks two times in a year”.
He appealed to the state government and other relevant authorities to come to their aid to alleviate the plight of the residents.
The chairman of the Iriebe Lowcost Estate Landlords could not be reached as at press time. However, a close source disclosed that several appeals have been made to the state government through the State Housing Authority to provide drainages around the estate.
The General Manager, Rivers State Housing Authority, Mr. Iyerefa Cookey-Gam could not also be reached. However the Director, Legal Department, Mr. Thomas Adoga, who spoke on his behalf, said government was looking into the matter, adding that already, road contracts had been awarded.
Tonye Nria-Dappa
Business
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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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