Business
Use Technology To Control Flood, Engineers Urge FG
Worried by the spate of flood in the country, the Nigerian Society of Engineers (NSE) has expressed concern over the failure of the government to deploy adequate technology to prevent the recurrence of floods ravaging several parts of the country.
In a communique issued at the end of a three-day national engineering conference and annual general meeting held in Abuja recently, the society noted that technological innovation could have prevented the recent flood that has affected over 3.2 million people and displaced over 1.4 million.
It also charged the government to take proactive steps to mitigate the effects of the disaster.
In the communique, the President of the society, Tasiu Gidari-Wudil, said this method will reduce the impact of the flooding on the people and ensure they are not abandoned.
“The society has noticed limited investment and transparency in the development and deployment of technologies and innovations, as well as the requisite human capital development to intervene and mitigate the recurrence of annual flooding, especially in prone areas, is majorly responsible for the annual disaster bedevilling the nation”, he stated.
He, therefore, called for proactive measures at all levels of government and other stakeholders supported by effective enforcement of the best practices, including communication and digital technologies for flood control.
According to the President, matters of internal security should move to the concurrent legislative list, which will address local insecurity challenges as well.
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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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