Business
HYPREP Assures Proper Execution Of Water Projects In Ogoni
The Hydrocarbon Pollution Remediation Pro-ject (HYPREP), has assured that contractors handling the ongoing water projects in six locations in Ogoniland in Rivers State would deliver them according to specification.
The Chairman, Board of Trustees, HYPREP, Mr. Mike Nweilaghi, gave the assurance during the flag-off of the projects in Kpean Community in Khana Local Government Area recently.
He said the board which is responsible for approving funds for execution of projects in HYPREP would ensure that funds would only be released to contractors that have shown proofs of competence in executing the water pro-jects according to specification.
He assured that the execution of the water projects would not be business as usual, as the board would ensure strict monitoring and supervision of the projects, and release funds to only contractors who deliver quality and standard jobs.
Also speaking at the event, the Minister of Environment, Dr Muhammad Mahmood Abukakar, recalled that the Federal Executive Council had recently approved N6.4 billion for execution of water projects in the four Ogoni local government areas of Rivers State including Gokana,Tai, Khana and Eleme, and hinted that the projects are sited in six locations in Ogoniland.
The minister, who flagged off the water projects, said as part of the recommendations of the United Nations Environment Programme (UNEP) Report, HYPREP has put machinery in place for the training of 400 Ogoni women, as part of measures to restore the livelihoods of the people of the area.
The Acting Project Coordinator of HYPREP, Prof Philip Shekwolo, said the water projects, which he described as a dream come true, would go a long way in improving the living conditions of the people of Ogoni when completed, and urged the people of the area to always support and cooperate with the agency to deliver on its mandate.
By: Donatus Ebi
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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