Business
Gov To Distribute 20,000 Free Prepaid Meters
Governor Nasiru El-
Rufai of Kaduna State would flag-off the distribution of 20,000 electricity prepaid meters for customers of the Kaduna Electricity Distribution Company in the state.
This is contained in a statement issued by the company’s Head, Corporate Communication, Mr Abdulazeez Abdullahi, and made available to The Tide source on Monday in Kaduna.
Abdullahi said the metres are part of the 50,000 metres the Kaduna Electric earmarked for distribution in its franchise states of Kaduna, Sokoto, Zamfara and Kebbi.
“After the successful flag-off of the mass deployment of 50,000 prepaid smart metres in its franchise states at a ceremony in Sokoto in October, Kaduna Electric is set to launch the deployment of the metres in Kaduna state.
“The Kaduna Launch, which is expected to be flagged off by State Governor, Malam Nasiru El-Rufa’I, is scheduled for Wednesday.’’
“The company is expecting the delivery of more metres before year end which shall also be deployed to its teeming customers in Kaduna, Sokoto, Zamfara and Kebbi, its franchise states,’’ the spokesman said.
He urged customers to embrace the installation of the metres in their homes as it is a better way of accurately reading the amount of energy consumed by them.
According to him, customers will be sure to pay for what they consume.
It would be recalled that the Minister of Power, Works and Housing, Mr Babatunde Fashola, flagged off the mass metre deployment in October in Sokoto.
Meanwhile, the Managing Director of the company, Mr Garba Haruna, has assured of the company’s commitment to metering its customers through a five-year metering plan.
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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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