Business
Surveyors Seek Land Reforms Organ
Mr Bode Adediji, President, Nigerian Institute of Estate Surveyors and Valuers (NIESV), last Thursday urged the Federal Government to set up a mega body to oversee land reform matters.
He told newsmen in Lagos that the body was necessary to fastrack the review of the Land Use Act of 1978 which had suffered delays.
Adediji noted with regret that the various bills on housing in the National Assembly had failed to receive the attention of the lawmakers 12 years into democratic governance in the country.
He said it was imperative that the Federal Government should take necessary action on the issue, bearing in mind that land matters were critical to sustainable and meaningful development.
“Government should know that land reform is very critical to national development.
“There should be a mega body to play an active role in the nation’s land reform matters, bearing in mind the delay in the review of the Land Use Act and passage of housing bills into law.
“Every piece of land should have a title to confirm that it belongs to the person selling it. This way, housing delivery will be better facilitated,” he added.
Adediji explained that land was a “primary way of creating wealth without working. That is why it is sensitive to those in authority, and they use it as a weapon of power”.
He said that once land issue was demystified by making it accessible, most of the problems in the housing sector would be solved.
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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