Business
Apapa Gridlock: FRSC Recommends Holding Bays
The Lagos State Sector Command, Federal Road Safety Corps (FRSC) says a permanent solution to the Apapa gridlock is the establishment of holding bays to accommodate trucks and articulated vehicles before loading.
The Sector Commander, Mr Hyginus Omeje, who said this in an interview with newsmen yesterday in Lagos added that this would put an end to the perennial gridlock.
He said that all owners of tank farms should provide facilities that would accommodate trucks coming into their facilities to load.
“I think the traffic congestion problem in Apapa will be solved permanently if holding bays can be established to take trucks coming in to load.
“The stakeholders with owners of tank farms should begin to pay attention to having a holding bay that can contain some trucks before being called in to load,’’ he said.
Omeje said that government was trying to address the issue by bringing private investors to put up the facilities for the benefit of the residents.
He said that this was a fundamental issue that was needed to allow free flow of traffic within the corridor.
“We can have the private sectors coming up with the parks that some of the trucks can easily move in and wait for loading instead of parking along the streets in Apapa, thereby causing traffic.
“Through the process, the next truck to load in the tank farm will be called through electronic call-up system. This method will reduce the gridlock,’’ he said.
According to Omeje, the FRSC has partnered the Nigerian Ports Authority (NPA) to inspect all trucks coming into the port for business.
“We have had various meetings with the stakeholders, registered operators and NPA and we told them that it will not be business as usual if their trucks are not roadworthy.
“Beside that, some of the articulated vehicles are overloaded, thereby causing traffic along the road.
“We want to ensure that our road transport safety standard schemes are implemented at the ports for every truck coming in to load,‘’ he said.
Mr Daniel Adewa, a businessman in Apapa, told newsmen that the bad roads within the area posed a great challenge to business operations and logistics.
Business
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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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