Business
Urban Drift: Demographer Wants Riverine Link Roads
A demographer with
the National Population Commission, Mr Gbelabo Thompson, has charged the Rivers State Government to make riverine communities accessible through motorable roads.
Thompson, who gave this charge in a chat with The Tide, Monday in Port Harcourt, said this would curb the current high rate of rural-urban drift.
He stated that making riverine communities accessible by road would connect them to the urban centres and hasten grassroot development while decongesting the urban cities.
The demographer explained that the migration of rural dwellers into the cities is an indication that there is a disconnect between the rural and urban centres, adding that, “if riverines towns are connected to the cities, people in the rural settlements won’t have any desperation to move to the urban centres in search of better living conditions”.
He noted that past administrations did not make the development of riverine communities a priority, which he lamented, has led to increased rural-urban migration.
According to him, “government needs to take urgent steps to develop the riverine communities to impact on rural dwellers and address the population explosion in the urban centres”.
He further said, “rural dwellers feel left out in the scheme of things because they do not feel government presence in terms of basic infrastructure, therefore the need to move to the centres” and advised the government to open up rural areas through sustainable development and decongest the urban centres.
Tonye Nria-Dappa
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.
