Business
Expert Hails LASG On Improved Drainage System
Vice President, Nigerian Institute of Quantity Surveyors (NIQS), Mr Olayemi Shonubi has applauded the Lagos State government on the remarkable improvement in the drainage system in the state.
Shonubi told newsmen in Lagos yesterday that the spate of flooding had reduced when compared to what the state used to experience during the rain, season.
He said that the improvement was due to the efforts of the state government in upgrading the drainage system.
According to him, irrespective of government’s efforts, most of the drainage channels and canals are still blocked with pet bottles, polythene materials and other residues.
Shonubi said there was still a need for the state government to do more on the drainage upgrade by clearing the drainage channels and constructing more channels where necessary, to help in evacuating water during and after every rainfall.
“The rate of flooding and its effects in Lagos State has reduced when compared with previous years.
“The government has actually tried in its efforts to upgrade the drainage system and open-up blocked canals and channels.
“Some of the drainage channels in the state are now in good condition, giving way for the free-flow of water during and after every rainfall.
“We are now in August which usually is the peak of the raining season, yet we have not experienced any form of drastic flooding.
“But a lot still needs to be done on the drainage system. The state government needs to do more clean-ups and to further upgrade the drainage system,’’ he said.
Shonubi noted that the collaboration of residents, industry managers and households were all needed to sustain the improvement.
He stressed the need for the government to regularly undertake inspections of the city’s drainage system and carry out cleaning and maintenance as may be required.
“To record remarkable improvements on the drainage system in the state, the residents have a great role to play.
“The residents, traders and manufacturing companies must desist from dumping polythene materials, bottles and other forms of refuse into the drainage channels,’’ he added.
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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