Business
Electricity Body, MAN Collaborate On Facility Standardisation
The Nigerian Electricity Management and Services Agency (NEMSA) and Manufacturers Association of Nigeria (MAN) are to collaborate to ensure use of quality electrical equipment to check industrial hazards.
Mr Peter Ewesor, the Chief Executive Officer, NEMSA gave the indication yesterday after he met with the Director-General of MAN, Mr Remi Ogunmefun,
Ewesor said the motive for the meeting was to ensure harmonious relationship between the two organisations and avert crisis.
According to him, the meeting is essentially to ensure a cordial relationship between us because members of MAN are industrialists and factory owners.
“Our men visit them from time to time to carry out what we call statutory inspection and certification of electrical installations and facilities.
“We want them to know that our men are their friends and are there to carry out services that will benefit them, staff and the public.
“If their installations are not in good shape and in compliance with our standards, there may be crisis,’’ he said.
Ewesor said there was always the need to check the electrical equipment and installations to ensure they met safety standards.
According to him, as an agency of government that has just come on board, it is incumbent on us to sensitise every segment within the sector.
“It is good that we begin the sensitisation with MAN, so that we can evolve rules of engagement’’.
Ewesor said the agency was planning to set up more zonal offices for effective supervision of electrical installations and other functions.
“We had 15 zonal offices across the country at inception; we have established an additional one to bring it to16 zonal offices.
“We will create additional three or four zonal offices to ensure we move closer to the public, so as to police the industry well,’’ he said.
Responding, Ogunmefun said the meeting was to obtain clarification on the activities of NEMSA.
According to him, we met to seek clarification on the scope of work and activities of NEMSA.
“Now, we know that their activities are backed by law, we have to obey the laws.
“Prior to this meeting, we were not satisfied with their activities because they just visit our factories without informing us in advance.
“This has led to disruptions in our production resulting in huge losses,’’ he said.
Ogunmefun said with the current engagement, conflict and disruptions would be avoided.

Rivers State Governor, Chief Nyesom Wike delivering a speech, during the flag-off of reconstruction of Igwuruta/Chokocho Road, yesterday. Photo: Egberi Sampson
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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