Business
Guild Blames Building Collapse On Fake Materials
A Non Governmental Organisation (NGO), the Building Collapse Prevention Guild (BCPG), has identified the use of substandard building materials as a major factor responsible for incessant cases of building collapse in Nigeria.
The Chairman of Ikorodu, chapter of the guild, Mr Olajide Olayinka made this known last Thursday, while addressing newsmen in Ikorodu, Lagos State.
Olayinka said that the guild would soon hold a seminar for steel manufacturers and construction professionals to discuss the way forward.
He said that, the seminar would focus on how to solve the issue of building collapse in the country, with particular focus on the use of standard building materials.
The seminar is tagged, “The Importance of Quality Flat Sheets and Steel Reinforcement Materials in the Construction Industry”.
The Tide source reports that the programme, slated for July 5,, would hold at Ikorodu Town Hall.
“The seminar aims at educating the public and the stakeholders on the need to take drastic measures in curbing building collapse.
“It will also inform them to ensure that only quality flat sheets and reinforcement materials are deployed in construction projects,” he said.
Olayinka said that the seminar would enable stakeholders to brainstorm on how to move the sector forward and how to implement various ideas gathered.
“Through the ideas from building professionals such as Quantity Surveyor, Architect and others, we would arrive at implementable plan of actions.’’
Olayinka said, the choice of Ikorodu as the location for the seminar was because major industries that manufacture flat sheets and reinforcement materials are situated in the area.
Our source said, that BCPG was founded in 2011 by a group of building professionals that were determined to put an end to the issue of building collapse in the society. The guild promotes acceptable building standards through public awareness campaign on best building practices and construction of structures.
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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