Business
Ports’ Efficiency: Abdulsalami Advocates Intermodal Transport System
A former Head of State, Retired Gen. Abdulsalami Abubakar, last Monday called for intermodal transportation system to improve cargo evacuation and the overall efficiency of the country’s ports.
Abubakar made the call at the first regional conference of the International African Ports and Harbour (IAPH) themed: “African Ports and Hinterland Connectivity,” in Abuja.
Abubakar, who chaired the conference, said ports investors should tap the opportunities in connecting the ports with the hinterlands through various means of transportation.
“We can now imagine African potential if there are visible means of transportation connecting the entire countries.
“There is need for the development of the supply chains for the hinterlands through optimal utilisation of the rail, road and waterways as viable mechanisms for conveying cargoes to various locations.
“African countries should also include the strategy of hinterland connectivity in their ports’ master plans in order to ensure seamless evacuation of cargoes at the ports, “ Abubakar said.
He stressed the need to improve the movement of cargoes to various destinations to remove the existing gridlock on ports’ access roads.
The former head of state added that funding was paramount in achieving the main objective of hinterland connectivity.
He urged participants to come out with innovative strategies and practical methods that would facilitate the efficiency of hinterland connectivity.
In his goodwill message, the Olu of Warri, Ogiamen Ikenwoli, said the movement of cargoes through rivers and sea was the bedrock of industrial development and rapid growth.
He commended the Minister of Transportation, Mr Chibuike Amaechi, for making Niger/Delta rivers vibrant, and appreciated the management of the Nigerian Ports Authority (NPA) for working to improve hinterland connectivity.
The Oba of Lagos, Oba Rilwan Akiolu, who was represented by Chief Nurudeen Agoro, the Ojomu of Lagos, urged government to decongest the port access roads, which he said extended to major roads in Lagos.
Akiolu said the constant traffic logjam on Lagos roads had affected the business operations of the city.
The traditional ruler urged government to improve on the interland connectivity in order to stop the gridlock caused by trailers parking on the highways.
Head of Facilitation, Maritime Safety Division, International Maritime Organisation (IMO) Mr Julian Garcia, said its strategy for regulating international shipping provided an ambitious 50 per cent improvement in shipping by 2050.
Garcia said to enable the ports achieve the desired improvement, there was need for efficiency, supply and provision of sustainable offshore operations.
According to him, IMO is also helping in securing an environment for sustainability which would come into force in January. 1, 2020.
“We have significant impact on the implementation of regulation and we need to ensure ports are connected to the hinterlands.
“African countries should also reflect on the importance of Blue Economy on the 2050 Africa in connection with maritime strategy for robust resources in African oceans and seas,” Garcia said.
He urged the various governments of African countries to establish mechanisms to leverage on the Blue Economy concept in the national development policies and securities.
Garcia said the conference, being the first in the existence of IAPH, should work toward competualising the Blue economy concept with the national pioritiess and development plans.
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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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