Business
UNIDO Lists Gains Of National Quality Infrastructure Project
The United Nations
Industrial Development Organisation (UNIDO), says that the National Quality Infrastructure Project (NQIP) will boost the competitiveness of the Nigerian economy in the international market.
The project was designed to put in place necessary infrastructure and international regulatory framework that will create global acceptance of Nigeria’s products and services.
The Chief Technical Advisor of UNIDO, Dr Charles Malata made this known in an interview recently with newsmen in Abuja.
“The main objective for the National Quality Infrastructure Project is to boost competitiveness of the Nigerian economy vis-a- vis the international markets.
“And all the work that is being done under the project is aimed at improving the competiveness of the local industry.
“On one side, what we are trying to do is ensure that the commodities that are produced can meet the best international standards, best international practices that are there.“
It would be recalled that some Nigerian products were disallowed from entering some international markets due to poor standards and quality.
Malata said that though there were Ministries, Departments and Agencies saddled with the responsibility of ensuring standardisation of products in Nigeria, there was still the need for an internationally accepted body.
He, however, said that for commerce and trade to thrive, there was the need for the introduction of an international accepted standard for assessing the quality of products made in Nigeria.
According to him, the project will soon be presented before the Federal Executive Council for adoption as a policy.
Malata stated that when adopted, the policy would also ensure the safety and health of consumers who consume the various locally produced products in the country.
“While doing that, we take recognition that we have a national market as well, and therefore, we need to ensure that the safety and health of the consumers at the local level is also protected,“ he said.
The policy is also expected to ensure accuracy and reliability of the outcomes of tests carried out on local products.
He said that the NQIP was being funded by the European Union (EU) and would be implemented in different out puts.
‘He said: ‘We have established a National accreditation body, we are about to set up a National Metrology Institute.
“We have organised the private sector so they can also establish certification and inspection bodies which deals with issues of quality, and we are at the moment running programmers to raise awareness on consumers’ issues.”
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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