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Sign Minimum Wage Bill Into Law Before May 1, NLC Tells Buhari
The Nigeria Labour Congress (NLC), yesterday, appealed to President Muhammadu Buhari to assent to the new National Minimum Wage Bill for the Nigerian workers recently passed into law by both chambers of the National Assembly before the 2019 Workers’ Day celebration.
Speaking in an interview with newsmen in Abuja, General Secretary of NLC, Dr. Peter Ozo-Eson said with the passage of the bill into law, the President should immediately sign it into law in other to give effect to his promise to ensure the welfare of the Nigerian workers.
It was recently rumoured that the President has signed the bill into law giving workers hope that they may start enjoying the new minimum wage before the May Day celebration, but it turned out to be a false alarm.
Both Chambers of the National Assembly passed N30,000 as the new national minimum, increasing the government recommendation of N27,000, but Ozo-Eson said the delay by Mr President over the wage for workers in the country has become very worrisome.
He said, “We are concerned that it has taken this long, since the transmission from the National Assembly to the Presidency of the bill that both house and the Senate passed.
“We have thought that given all processes before arriving at that point. The long delay in setting up a tripartite committee, the long period before the tripartite committee to now finalize and all the debates that have gone on
“We thought that this was something Mr President will assent to very quickly, because as we have earlier indicated, we will want this implementation to take effect before May. That is by May Day, workers can be assured of the direction of implementation.
“Our position is to call on Mr. President to, without further delay, to assent to the New National Minimum Wage Bill, so, that workers can start to enjoy the new minimum wage implementation before May Day.
He emphasized that apart from the public sector, workers in the private sector were also waiting for the law to be implemented in order to make its own full negotiations and plans, while insisting that in implementing the new national minimum wage would also allow the economy to be operated in an environment of certainty.
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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.
