Business
‘No Grazing Reserve Commission Bill In Senate’
Senator Eyinnaya Abaribe has called on the Committee on Rules and Business of the Senate to clarify issues on the existence of a Grazing Reserve Commission bill in the assembly.
Abaribe made the call at plenary on Thursday under a point of order.
He said he had sought clarification from the clerk of the Senate and confirmed that there was no such bill contrary to reports in the media.
Abaribe said he had received so many calls on the issue and had been accused by some of his constituents of being an absentee senator when he said the bill was not before the Senate.
“I have gotten more than 1,000 calls and this has to do with something called the Grazing Reserved Commission Bill.
“When I asked where is the information coming from, they said the information is coming from the social media.
“Mr President the last time a Grazing Reserve Commission Bill came to this Senate was in the 7th Senate and was proposed by Sen. (Zainab) Kure who is no longer in the Senate.
“So the reason why I am making this personal explanation is so that my constituents in Abia South will know that there is no such bill called Grazing Reserve Commission Bill before this Senate.
“I have taken time to ask the clerk and every other person to say where is this bill that has passed second reading and they said they also are in confusion, they have never seen such thing,” he said.
President of the Senate, Dr Bukola Saraki, who was presiding at the time, noted the observation of the senator.
Saraki later left for the Code of Conduct Tribunal for continuation of his trial and the Deputy President, Chief Ike Ekwerenmadu, took over proceedings.
It would be recalled that the online media have been awash with reports that a Grazing Reserve Bill is before the Senate and has passed second reading.
According to the reports, the bill seeks to establish a commission which will take land in any part of Nigeria for use as grazing reserve.
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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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