Business
‘Use Quantity Surveyors In Projects To Save Cost’
President, Quantity Sur
veyors Registration Board of Nigeria (QSRBN), Malam Husaini Dikko, has called on government to utilise the expertise of quantity surveyors in cost management in infrastructure development.
Dikko made the call recently in Abuja at the 2016 Annual Conference of registered quantity surveyors with the theme: – “Role of Quantity Surveying in the Development of Nigeria Economy”.
He said the failure to leverage on the expertise of quantity surveyors had created a loophole which encouraged leakages, corruption, financial recklessness and impunity which the country could not afford.
“The QSRBN believes that this country can gain tremendously from better managed resources if the services of quantity surveyors are used across the entire spectrum of infrastructure development in Nigeria.
“The current practice of restricting the services of the quantity surveyors to only building projects is unhelpful to the country,” he said.
He added that the country was in dire need of resources for development of infrastructure in roads, bridges, railways and dams, among others.
Dikko said that the theme of the conference suggested that quantity surveyors had a significant role to play in developing the country`s infrastructure.
According to him, the expertise domiciled in the profession could place the country’s economy in the right path for sustainable development.
According to him, public building and housing projects account for less than 20 per cent of the total public expenditure on construction projects in Nigeria.
This, he said, meant that independent cost expertise was not applied to over 80 per cent of public fund spent annually on construction and infrastructure in the country.
Dikko said that quantity survey was one of the professions that could be described as a development profession.
This, he said, was so because it supported good governance, value for money, transparency, probity and accountability, anti-corruption and efficient allocation of resources without which there would be no sustainable development.
Speaking earlier, President, Nigeria Institute of Quantity Surveyors, Mrs Mercy Iyortyer, said the conference presented an opportunity for registered quantity surveyors to brainstorm on ways of advancing the profession.
She said it would be a great benefit if quantity surveyors were included in cost management of all construction activities.
Iyortyer said that the role of quantity surveying was most times excluded from construction activities because of corruption and mismanagement of the nation`s resources by those entrusted with such responsibility.
“This profession is targeted at promoting, accountability, probity, due diligence, transparency and value for money but is excluded from the scheme of construction, project procurement, management and delivery” she said.
Council for the Regulation of Engineering in Nigeria, Mr Kashim Ali, President, in his remarks, said that the country was not developing as expected because there was no sufficient investment in infrastructure.
He urged quantity surveyors to build a synergy that would advance their course.
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.
