Business
Rivers BPP Harps On Transparency, Due Process
The Acting Director-General, Rivers State Bureau of Public Procurement (RSBoPP), Mr Igonibo Emmanuel Thompson, says his agency’s core mandate is to ensure transparency and due process.
Thompson gave this explanation at a recent workshop organised for 23 local government chairmen in the state, in Port Harcourt.
He said that the aim of the workshop was to ensure that council chairmen and all those involved in procurement follow the laws and regulations in procurement.
The RSBoPP boss also pointed out that the exercise was to keep the concerned people afloat in the system due to the frequency of changes in the system, as well as discourage what he described as wasteful spending, thereby promoting economic growth in all sectors of the economy.
He attributed most of procurement challenges in the local government administration to the inability of key players to correctly portray the items in the budget.
Thompson was of the view that if local government authorities could follow due process, procurement challenges would be easy to overcome.
He warned the local government administrators on the need to obey the laws and regulations of the agency, saying there was a monitoring team to regulate their activities.
On sustenance of the exercise, he said that the Bureau was prepared for regular training and retraining of council chairmen and workers until the system became part of them.
The Chairman of Ahoada-West Local Government Council, Mr Hope Ikiriko, called for the flexibility of procurement law, saying it would enhance awareness in local government administration.
The ex-lawmaker who is also the image maker of the Association of Local Government Chairmen (ALGON) in Rivers State, appealed to the Bureau to work out modalities on how to get feedback from the local government councils.
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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