Business
Agency Tasks Power Contractors On Original Kits
The Managing Director, Nigeria Electricity Management Services Agency (NEMSA), Mr Peter Ewesor, has warned power sector contractors against use of substandard materials and equipment.
Ewesor gave the warning in an interview with newsmen, against the backdrop of frequent use of substandard electricity materials by power contractors.
He said that the agency had inaugurated an Electricity Installation Contractors Certification Panel (ZEICCP) office in Lagos to certify equipment used by contractors.
The managing director said that many lapses had been identified in the power sector and other workplaces where electricity was used in the area of electrical installation.
According to him, the substandard electricity materials have resulted to unstable power supply and fire incidences.
Others, Ewesor said, included design and construction failures, improper planning and execution of electricity projects, use of substandard materials and equipment and deliberate oversight of the procedures.
He said that those lapses were largely responsible for the networks getting into states of disrepair soon after they were commissioned for use.
“The safety, reliability, quality and efficiency of power supply to the populace largely depend on the quality of networks and systems that are built according to specification and standard.
“The utmost goal of NEMSA is to stamp out unqualified electrical installation contractors and bad electrical installations in Nigeria.
“This is to ensure the delivery of uninterrupted power supply to Nigerians, ensure safety of lives and property and take Nigerians out of darkness into light,” Ewesor said.
The Nigerian Electricity Management Services Agency (NEMSA) was set up by NEMSA Act No.6 of 2015 to carry out the functions of enforcement of Technical Standards and Regulations, Technical Inspection.
The agency is saddled with testing and certification of all categories of electrical installations, electricity meters and instruments to ensure efficient production and delivery of safe, reliable and sustainable electricity power supply.
It also guarantees safety of lives and property in the Nigerian Electricity Supply Industry and related matters.
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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