Business
Salary Delay: Kogi ALGON Begs LG Workers
The Association of
Local Governments of Nigeria (ALGON) in Kogi State has appealed for understanding by local government workers following the delay in the payment of their salaries.
The Chairman of the state chapter of ALGON, Alhaji Taufiq Isah, made the appeal in a statement in Lokoja at the weekend.
The statement was signed by his Special Adviser on Media, Mr Abubakar Hussain.
Isah who is also the Chairman of Ijumu Local Government, blamed the development on the rigorous screening and verification exercise of workers and the audit exercise by the Office of the Auditor-General of Local Governments.
The chairman said that the ongoing payment of cleared workers in batches would be sustained and improved upon to speed up the pace of payment.
He gave an assurance that all genuine workers would receive their salaries soon.
Isah also felicitated with Muslims on the occasion of the Eid –el- Fitri celebration and enjoined them not to relent in their prayers for the country and its leaders.
Isah also urged Muslims to emulate the virtues of Prophet Mohammed by continuing to live with other Nigerians in peace.
Business
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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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