Business
Residents, Commuters Lament Slow Pace Of Oyigbo-Aba Road Project
Residents and commuters in Oyigbo axis of Rivers State have called for early completion of Oyigbo-Aba highway road project by the Federal Government for free flow of traffic during the rainy season in the area.
The people also called for proper drainage to enable the road project last longer in the area.
One of the residents, Mr Emeka Ikechukwu who spoke with The Tide in Oyigbo in Oyigbo Local Government Area of Rivers State said that there would be more hardship and suffering in the movement of people to and from the area, if the road project is not completed before the rain set in.
According to him, the few minutes rainfall last Wednesday in the area caused a lot of hardship in the movement of people because of the ongoing road project in the area.
He said that the Wednesday rain in the area caused traffic jam that lasted for over eight hours.
Ikechukwu also said that apart from the traffic jam caused by the road construction, many houses around the express road were flooded, explaining that there were no entrances for the flow of rain water, which caused serious flooding in the area.
Also speaking, a commercial driver, Samuel Dike Nwankwo expressed fear that the highway would be impassable if the road is not completed before rainy season.
He said that, presently most vehicles pass through Igbo-Etche road to Port Harcourt, any day it rained in the area.
Nwankwo also said that, the pace of the road project was very slow, stressing that the work on the project still remains at Oyigbo Express-round-about.
He called on the Federal Government to mount pressure on the contractor handling the project to speed up the speed of work on the road to alleviate the sufering of the pople.
Meanwhile, effort to identify the contracting company and the management handling the project proved abortive as workers interviewed refused to disclose the identity of the company.
Enoch Epelle
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.
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