Business
‘High Percentage Of Africans Live In Urban Slums’
High per cent of the population of urban dwellers in Africa are said to be living in informal or irregular settlement, which invariably can be referred to as the highest proportion of slum dwellers.
This is contained in a recent study of “The State of African Cities Report 2010” which was made available to The Tide in Port Harcourt.
The report, which was published by the United Nation’s Human Settlements Programme (UN Habitat) revealed that the rate of growth of urban centres is faster in the African sub-region than any where else in the world.
According to the report, the urban growth rate of 3.4 per cent, ranks Africa as the fastest urbanising continent in the world, while sub-Saharan Africa with two-third of its 304 million urban dwellers living in informed or irregular settlement is deemed to have the highest proportion of slum dwellers in percentage term all over the world.
Juan Clos, the newly appointed executive Director of UNHSP, stated that, “No African government can afford to ignore the on-going rapid urban transition taking place across the continent” and blamed the continent’s soaring urban growth rate essentially on climate change, violent conflict and change in agricultural policies.
The climate change is said to be affecting Africa’s ecosystem, especially the land use system, than any other continent of the world, while violent conflict which are often land related, based on struggle to access and control natural resources.
He said that regrettable crisis affecting cities should also be seen as opportunities to rebuild and operate better and make the African cities work for their citizens.
In his word, “The large scale of migration of people to urban and peri-urban areas is a key factor in Africa’s rapid urbanisation process.
These migrants need resettlement areas that provide safety, food, water, a home, sustainable livelihood and other social stimulants”.
Also, he stated that African urban population lives in informal settlement, and that this is due to inequality in access to resources, especially land, which has serious implication on national economies, since cities are key drivers of the economy.
Noting the imperative of sustainable urban development, he tasks African leaders and ministers in-charge of housing and urban development on effective policies, laws and practice on management of land and effective development.
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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