Business
Rail Line, Panacea To Apapa Gridlock -NPA Boss
The Managing Director
of Nigerian Ports Authority, (NPA), Mallam Habib Abdullahi, has said that the provision of adequate rail lines connecting the ports with major cities in Nigeria remains a major panacea to the perennial problems of gridlock in Apapa area of Lagos State.
MallamAbdullahi made this assertion while speaking at a stakeholder’s forum with the Senate Committee on Maritime held at the Eko Hotels and Suites, Victoria Island, Lagos recently.
The NPA boss said his organization is the most affected and urged for immediate attention from the Federal Government.
The Managing Director recalled that the rail lines used to convey cargoes from the ports to other parts of the country are no longer functioning, adding that the resuscitation of these services will further reduce the hardship being faced by commuters and other stakeholders.
According to him, transportation of petroleum products by rail from the ports to the North, particularly Kano, which he witnessed as a youth no longer exist and therefore called on the relevant authorities to rise up to this challenge.
While pledging the readiness of the authority to complement the efforts of other agencies whose responsibilities it is to provide the needed facilities, he suggested that petroleum products could be piped from the ports to other destinations if the pipelines are also made right.
Earlier, the chairman of the committee and former Governor of Zamfara State, Senator Yerima Ahmed Sani, said the committee has embarked on the exercise as a result of the resolutions passed by the Senate expressing concern about the gridlock and the committee will not leave any stone unturned in ensuring that the problem of gridlock in Apapa is solved.
Having gone on inspection tour of the 400 capacity truck bay opposite Tin Can Island second gate, the chairman added that the sum of N1.5bn which the government is yet to pay the contractor is said to be the cause of the delay in the completion of the project. He said that the appropriate agency had been contacted to bring forward the matter for settlement.
Senator Sani called on all stakeholders to come up with suggestions on how best to combat the menace, pointing out that whatever affects the efficiency of the port operations affects the nation’s economy.
Nkpemenyie Mcdominic, Lagos
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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