Business
FG Begins Recovery Of Apapa Bridge
The Federal Government
has carried out an impact assessment of the Apapa Bridge in Lagos and has began emergency repairs to save the dilapidated bridge.
The Tide source who visited the highway reported that some steel plates and other construction materials had been laid over the portion where the concrete on the bridge has worn off.
Earth-moving equipment was being used to reconstruct a portion of the drainage channel beside the dilapidated bridge.
Also, the walkways on the Ijora/Marina-bound carriageway were being rehabilitated, creating openings through them into the drainage channel.
The Ijora/ Marina-bound carriageway had been scarified and covered with some construction materials.
Also, about 120 metres was scarified and laid with stone base on the service lane of the Apapa-bound carriageway.
Some workers were removing silt out of the drains, starting from around the diversion on the Ijora/ Marina-bound carriageway downwards to under the damaged bridge.
An official of the Federal Ministry of Works who does not want to be named said that 150 metres of the road had been repaired and ready for asphalt surfacing.
Our source said that the bridge was undergoing temporary repair works, pending the completion of investigations towards commencement of the permanent repairs.
“We have put steel props under the bridge before covering it with concrete. We added additional steel plates to provide additional strength.
“Work is still ongoing to correct the problem on the bridge abutment, but the contractor is yet to submit the design for the work.
“What we are doing on the bridge is a temporary solution, the permanent work will follow later.
“Yesterday, a pundit integrity test was carried out to know the strength of the bridge; Julius Berger is also carrying out an independent investigation.
“When all the reports are submitted, we will then begin permanent repair works; for now we are trying to save the bridge,’’ the official said.
Our source explained that the ministry was using the opportunity of the ongoing repair works to correct a drainage problem on the axis.
The engineer added that about 150 metres of the portion leading towards the bridge had been scarified and laid with a stone base, as well as binder course, ready for asphalt laying.
“We are reconstructing about eight metres of the damaged drainage channel; the way the old road was designed did not allow for free- flow of water into the drainage.
“The design was for water to flow straight and it was destroying our road because water is inimical to asphalt.
“The road was always failing around here, so we are creating chutes to allow water flow freely into the channel,’’ the official said.
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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