Business
RSG Recommits To Early Completion Of Elele Alimini Road
The Rivers State Ministry of Works says the phase (1) internal road of 14.7 kilometres being handled by an indigenous company, Cedar Construction Company Ltd at Elele Alimini in Emohua Local Government Area of Rivers State would be completed in March, 2018.
The Ministry’s Site Engineer, Engr. Ikechi Nwafor disclosed this Monday in an exclusive interview with The Tide at the project site in Elele Alimini.
According to him, the project is now 70 per cent done and expressed optimism that the project would be completed in March, if the company continues with the spate of work on the project.
It would be recalled that some time in May 2017, the Rivers State Governor, Chief Nyesom Ezenwo Wike, was at Elele Alimini to flag-off the construction of internal roads in fulfillment of his electioneering campaign promises to the people.
The construction of the internal roads was directly under the supervision of the State Ministry of Works with Cedar Construction company, an indigenous company handling the construction of the project.
The Ministry’s Engineer, who lauded the company for the quality and timely delivery of the project, said the indigenous company was one among other construction companies to meet up the terms of agreement with the ministry.
Also speaking, the Community Liaison Officer for Cedar Construction Company, Austine Enyika restated the company’s commitment to deliver quality job on the roads.
Though the liaison officer identified insecurity, including robbery of the company’s materials as some challenges facing the speedy completion of the jobs, but expressed optimism that the road would be completed in March, 2018.
Also interviewed by The Tide, the immediate past chairman of Elele Alimini Council of Chiefs, Chief Chibuike Gaius Dike commended Governor Wike for delivering on his electioneering campaign promises to the people of the area.
He said he was satisfied with the quality of job done so far by the company handling the job, and stressed that the company was very transparent and fair in the handling of project in the area.
He appealed to the State Government to commence the second phase of the project as soon as the phase (I) is completed.
The traditional ruler also appealed to the construction firm to engage youths in the area for the job to reduce youth restiveness in the area.
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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