Business
Indigenous Artisans Hail Exit Of Foreigners …As Developers Decry Shortage
Indigenous artisans have
expressed happiness that the foreigners among them were leaving the country in droves due to the fall in the naira.
Public Relations Officer of Niger Delta Indigenous Artisan Association of Nigeria (NDIAAN), Benjamine Aribibia who in a chat with The Tide declared this in Port Harcourt, Monday, also said, “they want to overrun us”.
Aribibia stated that developers preferred to use artisans from neighbouring African countries because they provided cheap labour, not that they were better skilled than the indigenes.
He stated, “we are not gloating that things have gone bad for them, but it is good for our nation’s development that they are leaving, it will afford employment opportunities for our youths.
“Their exit would also help improve our skills because, now we will have jobs regularly and you know the longer you do a particular thing, the better you’d become”, he continued.
Following the unfavourable government policies and liquidity crises facing the nation’s economy, building and construction industry, has been hit the hardest as activities have slowed down due to non-implementation of building contracts coupled with the devaluation of the naira.
Meanwhile, developers have decried the shortage of artisans following their exit from the country.
They relied on skilled workers from Togo, Benin Republic, Chad and Ghana as they claimed that Nigerian skilled workers have dumped their trade for criminality.
A construction engineer and Chief Executive Officer, Eben-Del, Global Resources, Ebenzer Oladele, lamented, “the devaluation of the naira has made working in the country less attractive to foreign artisans and so they are leaving”.
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.
