Business
Feeding Scheme: FCT To Get Additional 624MW
The Federal Government has assured the residents of FCT of improved electricity through its Abuja Feeding Scheme aimed at generating additional 624 megawatts to the grid when completed.
The Permanent Secretary, Federal Ministry of Power, Works and Housing (Power) Mr Louis Edozien, said this at the Ground Breaking of Abuja Feeding Scheme last Thursday in Abuja.
Edozien said the project would also deliver 49/33 KV lines in addition to the 624 megawatts capacity.
he said: “It is Electricity Distribution Companies (DisCos) that will take this extra capacity and deliver it to the customers.
“The partnership extends to the Electricity Generation Companies (GenCos) because if they don’t produce another 624 megawatt, it is only engineers that will appreciate well-constructed facilitates.
“It is an end- to- end delivery we are aiming at and DisCos have a very important role to play in that.”
The permanent secretary, however, urged the AFD to re-consider financing a distribution project in the country which was not successful some years ago when the partner supported it.
“It is time to reconsider a more purposeful and successful financing intervention at the distribution and retained end of the industry.
“We are committed to working with you to make sure that this time around, it is successful like the Abuja Feeding Scheme,” he said.
Edozien also urged the contractors to ensure timely completion of the project.
“I know the contractors partnering with the ministry are first class, their records spoke to that and I expect that they will demonstrate the same first class performance in this project,” he said.
The Project Supervision Consultant, Dr Anthony Ehi-Uujamhan said the project was divided into six slots.
Ehi-Uujamhan said the project would be implemented in some selected sites in FCT by three successful contractors that won the bidding.
“It is not just monumental day in the history of Abuja but Nigeria at large that under the leadership of TCN, there is geometric progress.
“We assure you of success of the project in 24 months,” he said.
Also speaking, Managing Director/ Chief Executive Officer, Transmission Company of Nigeria (TCN) Mr Usman Mohammed, said the project would boost electricity transmission in Abuja.
“We are here for the ground breaking ceremony of Abuja Feeding Scheme.
“We are happy to tell you that Transmission Rehabilitation Expansion Programmes (TREP) being implemented by TCN is on track and that is why we are here,” he said.
According to him, the increase in transmission capacity through the project will improve power supply within Abuja and its environs as well as impact positively on the socio- economic wellbeing of the residents.
The TCN through the Federal Government received a credit from AFD to reinforce the high-voltage transmission ring around Abuja.
The contract for the project includes design, manufacture, supply, installation and commissioning of Transmission lines and Associated Substation Projects.
The ground breaking is to signify the official commencement of construction work on the Abuja Feeding Scheme.
The scheme comprises five substations, 330KV and 132 KV transmission lines. (NAN)
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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.
