Business
Labour Has Abandoned Nigerian Workers – AUPCTRE Scribe
A labour leader, Mr Phillip
Agbonkonkon, has said that selfish interest has made labour leaders to abandon Nigerian workers.
Agbonkonkon, who is the General Secretary of the Amalgamated Union of Public Corporations, Civil Service, Technical and Recreation Services Employees (AUPCTRE), made the assertion in an interview with newsmen in Lagos, recently
According to him, workers in Nigeria have been on the receiving end because of plurality and a lack of focus in the labour movement.
Agbonkonkon, whose tenure as AUPCTRE scribe expires on July 31, said that labour leaders had become merely interested in the wealth they could amass for themselves.
“The Nigeria Labour Congress (NLC) has become a cash and carry organisation. There is problem in the leadership of the NLC because of power tussle.
“This is not good because it has left a gap between what unionism is today and what it used to be. It is unfortunate.’’
The unionist said that workers in the country were being short-changed by various administrations in the country because the NLC had failed to play its role.
“Some administrations misappropriate funds and blame government’s dwindling fortunes on workers.
“Meanwhile, such administrations spend fortunes keeping retinues of political appointees and special assistants yet labour keeps quiet.’’
Agbonkonkon said the issue of workers welfare would have been addressed if the body had elected a proactive leader to fight for welfare of workers.
He lamented that the vibrancy of labour in Nigeria was fading away, urging the NLC to resolve its crisis to make more impact.
On governance, the union scribe urged the Muhammadu Buhari administration to make positive changes that would improve the lives of workers.
He said that workers did not benefit much during Buhari’s military regime, expressing optimism that the president would now make the difference for workers.
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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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