Business
Dams ‘ll Reduce Climate Change Impact – Official
The construction of earth dams with proper hydrology for flood control to conserve water will help to mitigate the effects of climate change in the country, an official has said.
An official of the Federal Ministry of Water Resources who preferred anonymity made this known in an interview with newsmen on Monday in Abuja.
He said that “excessive water from rainfall could be dammed during the rainy season and be used for irrigation during the dry season instead of leaving it to cause flooding.
“In addition, planting of trees will also mitigate the effects of the scourge.
“There is also the need to sensitise Nigerians to stop living in flood-plain areas.”
According to him, the effects of climate change are already being experienced in Nigeria with extreme flooding and drought which have been affecting some parts of the country.
In order to monitor, mitigate and put adaptation techniques to tackle the scourge, he said, a Climate Change Unit had been established in the ministry.
He explained that “the unit is essentially for data collection, collation and analysis so as to ensure proper mainstreaming of climate change effects into the ministry’s projects and programmes.
“The ministry is also collaborating with local and international agencies and the Federal Ministry of Environment, the focal ministry in Nigeria, on issues of climate change.”
He said the ministry had responded positively to distress calls from states affected by flooding and that the ministry was working toward reducing the impact on the economy, as well as the health of the people.
“It is re-emphasising Rapid Irrigation Development Programme to ensure impoundment of flood and the release of the flood water for irrigation during dry season.
“It is also developing inundation maps along major rivers to control the migration and use of flood plains with high hazard potential.
“Areas that are likely to be flooded once every 100 years are being delineated.
“These inundation maps are to provide guide for development control in case of urban settlement and protection of farm lands for rural dwellers,” the source said.
The official said that the ministry would be focusing on other areas, including flood forecasting and warning system, survey and floodplain mapping and production of maps of flood plains.
He listed the others as networking and communication system, linking the dams’ operators with major water resources project owners.
He added that the ministry would focus more on clean energy sources to power water supply and irrigation schemes nationwide through solar power, wind and hydro-power development.
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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