Business
ECOWAS: NLC Tasks FG, NASS On Morocco’s Membership
The Nigeria Labour Congress (NLC) has appealed to the Federal Government and the National Assembly not to vote for the admission of Morocco into Economic Community of West African States (ECOWAS).
NLC President, Mr Ayuba Wabba, said this recently in Abuja at the Organisation of Trade Unions of West Africa (OTUWA) Workshop held in collaboration with the International Labour Organisation (ILO).
The Kingdom of Morocco had applied to join the ECOWAS.
The application was presently being considered by the member states and the relevant council of ECOWAS.
The theme of the two-day workshop is “Rebuilding and Consolidating OTUWA and the Challenges of Implementing its 5years Strategic Plan’’.
Wabba said, “We can’t find a clause permitting a geographically non-West African State to become a member of the organisation.
”Our concern in the NLC is that Morocco has a record of quarrelling with its neighbours and even the entire continent.
”That’s why it stayed away from the Organisation of African Union (OAU), later AU for over 30 years.
“Similarly, we cannot be hobnobbing with a monarchy which is against the wish of the international community, the UN and the AU.
“To be specific, Morocco has continued to illegally occupy Western Sahara, and is holding it as a colony”.
He also called on OTUWA member countries to appeal to their governments and national legislatures not to endorse the application of Morocco as a member of ECOWAS.
Wabba while speaking on the theme said it was apt to assess how far the organisation had gone on the journey.
“I am sure our comrades and colleagues might express concerns that we have not yet obtained the necessary diplomatic status for OTUWA since the office became operational in Nigeria.
“I am aware that the OTUWA secretariat had submitted the application about a year or so ago after the OTUWA leadership had visited the relevant ministries.
“The process of obtaining the required approval has been hindered by governmental procedure and processes.
“I want to assure you all that we shall follow-up on the pending application with the Minister of Labour and his other colleagues to ensure that this matter is put behind us”.
However, the NLC president expressed condolence to the Sierra Leone people over the recent mudslide that claimed many lives, adding that the congress would support the call for solidarity assistance.
Declaring open the two days workshop, Sen. Chris Ngige, Minister of Labour and Employment called on the trade unions to ensure that their unions embrace social dialogue.
Ngige said that social dialogue was imperative as it encouraged peace and harmony in the various sector of the economy.
Also, Mr Mademba Sock, OTUWA President expressed dismay over the delay of Nigerian government in signing its headquarters agreement located in Nigeria.
“We intimated the relevant government officials when we visited Nigeria in May 2016 on the need for effective take off of the secretariat.
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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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