Business
Expert Charges Govt On Infrastructure Maintenance
A former Chairman of the Nigeria Institute of Town Planners (NITP), Lagos State Chapter, Mr Makinde Ogunleye yesterday urged governments at all levels, including citizens, to prioritise infrastructure maintenance.
Ogunleye told newsmen in Lagos that lack of maintenance and sustainability culture among Nigerians was the bane of infrastructure development.
He said that the housing and infrastructure development in Nigeria should have developed better than its current stage, if the country made maintenance of existing infrastructure a priority.
According to him, lots of infrastructure and abandoned projects have been allowed to decay, due to lack of adequate maintenance.
Ogunleye suggested that the government and the citizens should make maintenance of existing infrastructure a priority, if the development of such facility was to be improved upon.
“It is when one learns to protect and sustain what he/she has, that he can be able to grow it.
“Until Nigerians imbibe the maintenance culture, the country may not be able to improve its infrastructure status,” he said.
According to him, the country has got diverse infrastructure and capital projects, but lacks the ability to monitor, maintain and sustain them.
“Generally, we believed in new a project, which is good, but what matters is their sustenance.
“The governments have performed well by developing the existing infrastructure and other capital projects, but it failed in their maintenance.
“For instance, the Bus Rapid Transit (BRT) which was introduced in Lagos about 10 years ago, was not given adequate maintenance.
“And that is why we are unable to sustain it; today, large number of the transit buses are parked because they can no longer function well,” he said.
Ogunleye noted that the nation’s construction sector would have recorded remarkable growth if all the projects embarked upon in the past were completed and sustained.
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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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