Business
FG Tasks MDAs On Transparency
The Federal Government recently urged Directors of Ministries, Departments and Agencies (MDAs) in the country to promote transparency in their service delivery.
Acting Secretary to the Government of the Federation (SGF), Mrs Habiba Lawal, made the call in Abuja at the workshop for MDAs.
The workshop was on the operationalisation of the Executive Order on promotion of Transparency and Efficiency in the Business Environment in the country.
Lawal, who was represented by Amb. Olakunle Bamgbose, Permanent Secretary, Political and Economic Affairs, OSGF, urged the participants to ensure a public service that was devoid of corruption.
She said that they should ensure openness in the conduct of their functions, contracting procedures and publishing contracts in order to achieve the objectives of the Executive Order.
She said that promoting transparency would create an enabling environment for business to thrive and boost economic activities in the country.
The Acting SGF stated that the Executive Order was one of the measures being deployed by the current administration to achieve improved business environment in Nigeria, for accelerated diversification of the economy.
According to her “The operationalisation of the executive order is expected to usher in a new vista in the conduct of government business that will encourage more commitment in the delivery of public services to avoid indiscipline and ineptitude.
“To deliver expected promises of the Change Agenda, the civil service must lead the way as the main organ saddled with the responsibility for efficient implementation of government policies and programmes.
“The executive order seeks to promote vibrant local industry by mandating MDAs to ensure at least 40 per cent local content in all procurement procedures,’’ she said.
Similarly, Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita,said that the Civil Service was charged with the responsibility of implementing the executive order for effective nation building.
Oyo-Ita, who was represented by Chinyeaka Ohaa, Permanent Secretary, Common Services Office (CSO), Office of the Head of Service of the Federation, added that change was inevitable in achieving a greater nation.
She described civil service as the machinery for implementing government policies and should be committed to the executive order, saying “I want to implore you all to demonstrate strong commitment and expertise required to drive this policy of government to a fusion.
“Government is committed to creating transparency in a business environment and to create policies that will motivate investors to invest their funds and boost economy of the country.
“Hope that all companies that have relocated from the country will be convinced to return due to the enabling environment that has been created by this administration.
The Tide gathered that Acting President Yemi Osinbajo, on Thursday, May 18, signed an Executive Order on Transparency and improving the business environment in Nigeria.
The executive order focuses on five main planks namely: Transparency, Default Approvals, Entry Experience of Travelers and Visitors, Port Operations and One Government.
The workshop focused on the Executive Order 1 (EO01) which is Transparency; it states that all MDAs shall publish a complete list of all fees, timelines, conditions and requirements for obtaining licences and approvals.
It also states that Head of MDAs must ensure that list is verified and kept up to date at all times.
Each MDA shall publish list on its premises on its website and if there is a conflict between a published list and an unpublished list, the published list shall prevail.
The deadline for the implementation of the EO01 is June 8, 2017.
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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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