Business
NPA Set To Boost Port Infrastructure
The Managing Director, Nigerian Ports Authority (NPA), Ms Hadiza Usman, has promised to boost the nation’s economy through the provision of infrastructure and technologically up-to-date equipment at the ports.
In a statement made available to newsmen in Lagos, she said that the Federal Government through the NPA, would reposition the ports industry to play its key role as the gateway to the nation’s economy.
Usman, who was represented by the General Manager, Public Affairs, Chief Michael Ajayi, spoke at the Executive Business Networking Seminar organised by NIMPORT in Lagos.
She said the government was making efforts to reposition the ports in line with global trends.
Usman directed all terminal operators to invest more in up-to-date equipment that would make the nation’s sea ports competitive and efficient.
She said that growth in trade volumes was a strong factor for port investment to boost efficiency, build robust, responsive and competitive port economy in line with global best practices.
“Development and upgrading existing port infrastructure as well as improvement in performance have become imperative,” she said.
Usman said the vision of NPA “is to be the leading port in Africa’’.
She said NPA would review in line with global best practices, the agreement the terminal operators entered into with the Federal Government before the ports were concessioned in 2006.
She said that in countries like North America, Europe and Asia Pacific, growing container markets had led to upgrade of the existing port infrastructure with container handling automation already put in place to handle large carriers with up to 18,000 TEUs (containers).
She said this became imperative because manually-operated Rubber Tyre Gantry (RTG) cranes were no longer suitable to handle huge volume of containers from one vessel.
Usman said NPA must lead in modernisation of equipment and infrastructure to respond to global trends in shipping business.
She thanked the organisers of the seminar for their steadfastness and consistency.
The managing director said this had gone a long way in fostering mutually beneficial business relationship between the government and the private operators in the maritime sector.
In another development, the NPA and the Port of Miami are collaborating to boost export and trade facilitation programme of the Federal Government.
The U.S. International Trade Coordinator, Department of Regulatory and Economy Resources (RER), Mr Desmond Alufohai and the Director, Government and International Relations (GIR) for Port of Miami, Ms Debra Owen met the NPA managing director.
The duo were in NPA to explore opportunities in the mineral resources and agricultural produce of the country.
Speaking during an interactive session with the NPA’s Managing Director, Ms Hadiza Usman, the visitors expressed their readiness to assist in the development and modernisation of infrastructure at the nation’s seaports.
The delegation also expressed their determination to partner the NPA in the area of compliance and efficient port system.
They promised to assist the country to boost the economy by harnessing the immense opportunities in the exportation of farm produce and mineral resources to America.
Usman appreciated their gesture and said the Federal Government was desirous of also partnering the port of Miami in the area of tourism.
The managing director also sought technological transfer in the area of standardisation of farm produce, its preservation and packaging to meet international standard.
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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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