Business
Surveyors Task Govt On Procurement Law Enforcement
Worried by the rate of inflation in the cost of procurement of materials for building and construction, particularly in the government sector, the Nigerian Institute of Quantity Surveyors (NIQS), Rivers State chapter has reiterated the need for the enforcement of procurement law at the state and federal government levels.
The Rivers State chapter chairman of the Institute Chief Lucky Bardon who made this known to newsmen in Port Harcourt, said time has come when due process must be followed in the procurement of materials for building particularly as it affects public sector.
According to the chairman, there is the need for government to involve professionals like the quantity surveyors in the procurement processes, so that the issue of over costing and under purchase of materials can be checked.
He said “for the fact that we have procurement law, we have started,” pointing out that many projects have been abandoned half way due to lack of proper check and adherence to professional advise in terms of materials acquisition.
The Rivers Stat quantity surveyors boss posited that any of his members should be held responsible for the abandonment of any project that is fully under their supervision.
He also pointed out that in some cases, the professional’s advise is not followed, adding that in such instance the surveyor will not be held responsible because the paper where he has given his or her advise will be there to show.
Chief Bardon explained that the scale of fees charge by quantity surveyors is still the same since 1996 uptill date, adding that the issue of cost is relative. He wondered why the cost of hiring a professional engineer like the quantity surveyor should be difficult.
He said that the role of quantity surveyors in the Nigerian due process mechanism can not be over-emphasised, stressing that if due process must be achieved and maintained in the public procurement, professionals must be involved right from the beginning.
The chairman while urging colleagues to wake up to their responsibility, also urged government authorities and agencies at various levels to involve surveyors in projects planning, for which they will account for.
Corlins Walter
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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