Business
Institute Tasks FG On Modernised Mud Houses
The Vice-President of the Nigerian Institute of Quantity Surveyors (NIQS), Mr Olayemi Shonubi, has urged the Federal Government to encourage researches into the refurbishment of mud houses in the country.
Shonubi told newsmen in Lagos that the mud could be molded into bricks for the building of modern houses.
The NIQS chief suggested that brick-blocks could be designed into inter-locking shape, so that there would be no need for cement to bind the bricks.
According to him, the country has enough mud and other materials that can be used in building construction, adding that such material will be sourced locally at affordable cost.
He said that if government leverage on such initiative, the cost of housing in Nigeria would reduce.
“Mud houses are cheaper to construct; as a result, it can be produced in large quantity because mass house production is what the country needs, to be out of the housing deficit.
“There is virtually no component used in the construction of the building that cannot be sourced within the country,” he said.
Shonubi said there was need to expand the capacities of the industries involved in the production of local building materials from sources like bricks, clay, concrete products, and timbers among others.
According to him, houses constructed with mud and other indigenous building materials are more economical, durable, better and easier to maintain compared to the ones built with cement and imported materials.
“With mud houses, there is no need for extra expenses to install air-conditioner because during heat period, mud houses are constantly cool.
“While a cemented block house generates heat particularly during the dry season, a mud house is conducive all-round the year,” he said.
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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