Business
NCC Restates Commitment To Digital Economy
The Executive Vice Chairman (EVC) of the Nigerian Communications commission (NCC), Prof. Umar Garba Danbatta, has stated that the Commission is irrevocably committed to boosting the nation’s digital economy through responsive regulations.
Danbatta gave this assurance at the Commission’s 2021 Annual Cybersecurity conference, organised in collaboration with the Office of the National Security Adviser (ONSA) in Abuja, recently.
The theme of the event was “Building Trust in the Digital Economy through Cybersecurity and Sensitization on the Implementation of the National Cybersecurity policy and Strategy (NCPS).”
Represented by NCC’s Executive Commissioner, Stakeholder Management (ECSM), Adewolu Adeleke, Danbatta said the Commission would continue to be at the forefront of ensuring sound cybersecurity culture built on people, process and technology to bolster digital economy in the country.
Emphasising the centrality of information sharing with stakeholders, the NCC boss urged telecom consumers and the public to take advantage of NCC’s pervasive communications campaign planned to create awareness and sensitize the public about the wiles of cyber criminals.
“Our various cybersecurity awareness initiatives and campaigns are helping the public to understand the risks in digital space and how to reduce the vulnerabilities that adversaries can benefit from.
“Our collective resolve is to continuously boost trust and confidence in our digital economy by ensuring adherence to sound cybersecurity culture and hygiene, internally and with external partners as well as stakeholders”, he said.
He explicated on the increasing dynamics in the digital space by informing the audience that the Commission recognizes the importance of ensuring and instituting appropriate cybersecurity measures to derive meaningful gains from the emergent digital economy.
Danbatta asserted: “The growth of digital economies is changing how “trust” is valued by institutions, businesses, and the public. The increase in technological advancement has also resulted in increase in cybercrimes, as well as identify theft and fake news campaigns that have introduced fresh dimensions that affect the notion of trust in the digital era”.
The NCC Chief Executive noted that trust and confidentiality promote a healthy digital environment, as gleaned from global best practices in order to guarantee the privacy and integrity of digital data.
He said to improve digital trust and confidentiality, the digital economy should be built on trusted technologies and partnerships, ensuring strong cybersecurity that rides on public’s confidence, security, privacy and safety to bolster responsive regulations, transparency, accountability and digital governance.
“Acceleration of innovations and enterprise in the digital space amplify vulnerability opportunities, which malicious parties are quick to exploit, thereby slowing down the gains of digital economy”, he said.
Speaking further, Danbatta affirmed that the launching of NCC Computer Security Incident Response Team (NCC CSIRT), which is the telecoms sector’s version of the Nigerian Computer Emergency Response Team (ng. CERT) was a testament of the Commission’s resolve to promote a healthy digital environment in the telecom sector.
He also called on cybersecurity stakeholders to key into the National Cybersecurity Policy and Strategy (NCPS) 2021, and accelerate the adoption of its various components as cybersecurity is a collective responsibility and no single government, business or individual is immune or can do it alone.
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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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