Business
FG To Develop Housing Off-Takers Database
The Head of the Civil Ser
vice of the Federation, Mrs Winifred Oyo-Ita, has said that a database of off-takers would be developed for effective housing delivery.
Presenting a paper on ‘Strategic Focus on Off-Taker: A Paradigm Shift in Affordable Housing Delivery in Nigeria’, Oyo-Ita said the objectives of the off-takers would be to guarantee reduction in overall cost of production, delivery time and affordability.
Oyo-Ita, however, decried the challenges faced by workers in affording or accessing housing, stressing that housing is a primary item on the Federal Civil Servants Welfare Index.
She said that profiling and indexing of housing off-takers would determine specific housing needs, the designs, costing and delivery time.
She said the database would serve as a template to provide the profile, background and relevant information of civil servants interested in acquiring houses in relation to their income, number of years in service and grade levels, among others.
According to her, the Federal Government Staff Housing Loans Board (FGSHLB) and Federal Integrated Staff Housing (FISH) Programmes will work together to develop the database for housing off-takers.
“This will help us to know the potential of civil servants in meeting up the third service requirements.
“Many empty houses are high and unaffordable in the country due to lack of proper profiling of off-takers who take over after the construction of houses.
She further underscored the role of the Federal Government Staff Housing Loans Board in empowering federal public servants on mortgage financing and repayment.
According to her, the FISH programme which is an inter-ministerial programme, serves as a vehicle to speed up housing delivery to federal civil servants.
She recalled that the office recently signed a Memorandum of Understanding (MoU) with a partner firm to Shelter Afrique, a Pan African housing finance institution, to boost the FISH programme.
Oyo-Ita noted that the first MoU was signed with the FGSHLB on the development of 1,000 housing units as a pilot phase while another 1,000 houses units would be signed by FISH.
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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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