Business
Third Mainland Bridge To Be Shut For 27 Months
The Federal Controller of Works, Lagos, Mr Adedamola Kuti yesterday in Lagos said that the emergency rehabilitation/maintenance of the Third Mainland Bridge project would begin on July 27.
Kuti who disclosed this at stakeholders’ meeting at the Ministry of Works office in Lagos said that the repair works on the bridge would be staggered over a period of 27 months and would be handled by Borini Prono Construction Company.
The meeting was convened by the ministry for stakeholders to brainstorm on effective traffic diversion and management to prevent gridlocks during the period.
Some of the stakeholders at the event include: NUPENG, National Union of Road Transport Workers (NURTW), Association of Maritime Truck Owners (AMATO), Lagos State Traffic Management Authority (LASTMA) and the police.
He said that the bridge would be totally shut to traffic on the first three days for the contractor to carry out various tests on it.
He said that subsequent closures would be on partial basis. “A Dynamic Test on Bridge Expansion Joints on Third Mainland Bridge is to be carried out between Friday, July 27, 2018 and Sunday, July 29, 2018 and it has been done in such a way that it will have minimum impact on road users.
“Consequently, the Third Mainland Bridge will be closed to traffic by 12.00 midnight of Thursday 26th July, 2018 and be opened by 12.00 midnight Sunday 29th July, 2018.
“Alternative routes will be plied during this period and traffic control will be in place to direct and help traffic movement.
“We regret any inconvenience this might cause road users as this closure is inevitable,’’ he said.
He appealed for the patience of road users and promised that all alternative routes would be repaired to make them smooth for easy access.
Also, the Lagos State Sector Commander of the Federal Roads Safety Corps, (FRSC), Mr Hyginus Omeje, appealed to motorists to use mass transportation facilities during repair works on the Third Mainland Bridge. Omeje told journalists that the vehicular occupancy ratio in Lagos was 1:1 which meant that there was an average of one driver per vehicle that plied the road hence, the usual heavy traffic.
He said that all the traffic regulatory and law enforcement agencies at the event were going to work in synergy to prevent gridlock.
“Instead of everybody coming out with their vehicles within this period, can we do the park-and-ride option which we have been advocating to really help us to ease off traffic in Lagos,’’ he said.
He also appealed to the media to increase its awareness campaign on the dangers of drivers of articulated vehicles parking on the roads and bridges. They should change their attitudes toward indiscriminate parking of trucks on the roads and bridges, Omeje said.
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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