Business
Edo, BEDC Disagree Over Power Outage In 444 Communities
No fewer than 444 communities, spread across the 18 local government areas of Edo State are without electricity, the State Commissioner for Energy and Water Resources Mr Yekini Idaiye, says.
Idaye made the disclosure in an interview with newsmen ` in Benin last Saturday.
He said from the figure, 157 communities were yet to be connected to the national grid.
The commissioner explained that about 32 of the communities were disconnected by the Benin Electricity Distribution Company (BEDC), while 145 communities had faulty transformers.
Idaiye, in addition, said another 110 communities required network rehabilitation.
While expressing the government’s commitment to ensure every communities in the state is electrified, he stated that Orhionmwon, Uhunmwode and Ovia North East council areas, were the worst hit.
“Indeed, the government is very much worried with this development and has taken a position by setting up “Ward Development Committees” whose mandate is to identify the problem being faced by the communities.
“The committee which is made up of 10 persons per ward also has the mandate of identifying the priority needs of a particular community or ward.
Idaiye said members of the ward committees were drawn from the traditional and religious leaders as well as politicians.
“As you may have rightly guessed, electricity which happens to be one of the priority needs, is been accorded a priority by the state government,” he said.
Idaiye noted that the challenges are age-long and regretted that the Benin Electricity Distribution Company (BEDC), have failed to be alive to its responsibility in ensuring an effective power supply.
According to him, the BEDC is not helping matter, it is their statutory responsibility to provide electricity and they are not meeting up with this responsibility.
“We have met severally on this issue, yet they are not forthcoming”, he said.
In a swift reaction, the BEDC denied ever disconnecting any community in the state and expressed doubt that over 440 communities were without electricity in Edo.
The Company’s Chief State Head, Mr Fidelis Obishai, said that issues of decaying infrastructure are age-long and was inherited by the utility company.
He stated that the BEDC which had since taken over the asset and liability of the defunct PHCN in November 2013, had carried out, and still carrying out, network rehabilitation as well as changed no fewer than 150 transformers in Edo alone.
“To start with, I do not quite agree with the number of communities, the question is, how many communities do you have in Edo that you will have such a figure without electricity?
“On this issue of disconnecting some communities and those with faulty transformers, we do not just go about disconnecting people or communities, rather, they naturally disconnect themselves.
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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