Business
FG Explores Local Production Of Passport Booklet
The Federal Government says it is seriously exploring the local production of passport booklets in the country as part of plans to safe cost and ease the lingering scarcity of the document.
Spokesperson for the Nigeria Immigration Service (NIS) Mr Sunday James, disclosed this in an interview with newsmen on Thursday in Abuja.
The Tide source reports that the passport booklet is presently being produce? by Iris Smart Technology Nigeria (ISTL) through its parent company, Iris Corporation based in Malaysia.
James said that the Minister of Interior, retired Lt-Gen. Abdulrahman Dambazau had directed for the domestication of the production of the passport booklets in the country.
He, however, did not give details of the directive, claiming that he was not to be preview to it.
James assured that notwithstanding the measure, the NIS was working round the clock to ensure sustained delivery and distribution of the booklets across all its commands in the country.
“The Comptroller-General of the Immigration Service, Muhammad Babandede, wishes to inform the general public and most especially those who have approached our Passport.
Processing Centres of recent, that the Service now has standard Passport Booklets in sufficient quantity for issuance.
“All Passport Control Officers have been directed to clear the backlog of outstanding applications,” he said.
The Press Secretary to the Minister of Interior, Mr Ehisienmen Osaigbovo, said that the minister was committed to resolving all issues relating to the passport production.
Osaigbovo said that the minister had set up a committee, headed by the Comptroller-General of the Nigeria Immigration Service (NIS) to look into the local production of the document and resolve the challenge posed by its scarcity.
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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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