Business
‘Constitutional Amendments’ll Lead To Highest Good For Nigerians’
The Deputy Senate President, Senator Ovie Omo-Agege, says the proposed constitutional amendments would lead to the highest good for the greatest number of Nigerians.
He said, “Indeed, the ongoing exercise provides a platform for the good people of Nigeria to express their opinions on the fundamental laws that govern our lives.”
The Deputy Senate President, who is also the chairman of the Senate Committee on the Review of the 1999 Constitution, disclosed this in Sokoto, yesterday.
He spoke at the North-West Zonal Public Hearing, Sokoto Centre, comprising Sokoto, Kebbi and Zamfara states, holding simultaneously across the six geopolitical zones of Nigerian.
Represented by the Chairman of the Sokoto Centre, and a former governor of Kebbi State, Senator Adamu Aliero, Omo-Agege said that, the constitutional review represents a critical phase in the nation’s development, as well as advancement as a country.
A statement signed by the Senior Special Assistant, Media and Publicity to Senator Aliyu Wamakko, Bashir Mani, yesterday, quoted Omo-Agege as saying, “So far, we have had over two decades of constitutional rule, under the 1999 Constitution.
“This is an important feat, and we commend ourselves as a country, even if we are not where we aspire to be.
“As a living document, the Constitution, and to a large extent our constitutional democracy needs to be reviewed, from time to time.
“Just as in our day to day lives, we take stock of the past and plan for the future, so must be with the nation.”
The Deputy Senate President further stated that, at the commencement of the 9th Senate, the lawmakers had set for themselves a legislative agenda, as a basis on which they will be assessed.
According to him, conspicuously included in that agenda is the need to address, by way of constitutional amendments, topical and crucial issues like the Judicial and Electoral Reforms, Local Governments Autonomy, Devolution of Powers and Fiscal Federalism, among others.
He explained, “If we get these items through successfully, then, our constitutional democracy will be set on the right pedestal, and ultimately, Nigeria will take its pride of place among the enviable democracies in the world.
“It is, therefore, with great pleasure that I convey the intention of the Senate to leverage on this exercise, to achieve as many milestones as possible.”
Declaring open the exercise, the Sokoto State Governor, Hon Aminu Tambuwal, represented by his Deputy, Alhaji Muhammadu Dan Iya, described the Constitution as the reference point of democracy.
He said, “And in the 22 years of Nigeria’s experience in government by representation, our gains have more than justified our challenges.
“All constitutions are, therefore, work-in-progress, because they are subject to the changing needs and aspirations of the people, at different times.
“And constitutional reviews are the processes for ensuring this guiding document plays that function.”
Also speaking, the Chairman, Progressives Governors’ Forum and Kebbi State Governor, Senator Abubakar Bagudu, opined that, the exercise was coming at the time of Nigeria’s life when more dialogue was direly needed.
He said that, this became more evident and glaring sequel to the prevalence of myriad of topical issues agitating the minds of many Nigerians.
“It is an opportune time to, therefore, collectively brainstorm on how to discuss these issues, for the country to move forward in unison, by having a more robust Constitution.”
There were also goodwill messages from the Speakers of the Sokoto and Zamfara states’ Houses of Assemblies, Aminu Achida, and Nasiru Magarya, respectively.
In a vote of thanks, the senator representing Sokoto North Senatorial District and also a former Governor of Sokoto State, Aliyu Wamakko said that, the proposed review of the Constitution was for the good of all Nigerians.
Wamakko, who is a member of the North-West Sub-Committee, Sokoto Centre, lauded the National Assembly for the initiative, as part of the 9th Senate Legislative Agenda.
He commended all Nigerians for participating in the exercise, just as he specifically thanked all governors in Nigeria for their invaluable support to ensure the success of the all-important national assignment.
Wamakko averred that, “It will afford all Nigerians to meaningfully contribute to the review exercise, hence, the entrenchment of a more equitable Nigeria.”
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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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