Business
Plateau To Generate N14m From Pack, Pay Project
The Jos Metropolitan Development Board (JMDB) says it is targeting to generate N14 million annually from its pack and pay project which began operation last Monday.
General Manager of the board, Mr Mathaias Hata, disclosed this to the press last Thursday in Jos.
Hata said that the operation, which has been contracted to a consultant, would help to increase the internally- generated revenue of the state.
He said that the project would also help to manage the chaotic traffic situation in the city centre due to street trading.
According to him, street trading has reduced the aesthetic value of Jos, which is popularly known as little London by many foreigners and tourists.
“The project will hopefully return the aesthetic value of the metropolis and address the challenge posed by street trading.
“The parking lots are usually used by traders and hawkers and our several attempts to correct this in the past had failed.
“But this project will help to put a check on all these,’’ the general manager explained.
Hata told The Tide source that the project would also put into consideration some insecurity issues within the metropolis and urged residents to cooperate with the board by paying for parking spaces.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
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.
