Business
Consultant Tasks LG Payroll Staff On Techniques, Management
As the two-day workshop on Salary Preparation Payroll Accounts Management organised by the Local Government Service Commission in conjunction with Frezimas Manpower Development Services ends in Port Harcourt, participants have been enjoined to acquaint themselves with the techniques of salary preparation and payroll accounts management to facilitate efficient and effective local government system.
The Managing Consultant of Frezimas Manpower Development Service, Chief G.O Thomas, who said this in his address at the opening ceremony held at NULGE Consulate Hall, Port Harcourt recently, said that this would minimise cases of fraud.
Chief Thomas noted that Government at all levels, spends much resources on the payment of workers salaries and wages, adding that lack of efficiency, effectiveness and transparency in salary preparation and payment had resulted to situation of over bloated wage bills, delay in payment, wrong salary placement, duplications, ghost workers syndrome among other forms of irregularities in salary administration.
Inefficiency and ineffectiveness is largely attributed to lack of knowledge, skill, competence of treasury staff, Accounts officers, staff and financial administration in the local government areas.
He opined that if salary preparation and payroll accounts management were efficient, Nigerian politics, economy, government service would excel, adding the need for participants to back to their various Local Government Areas with idea, techniques, knowledge, skill and vigour to justify the rationale of being nominated for the seminar.
Chief Thomas congratulated the Chairman of the Local Government Service Commission, Chief Azubuike Nmerukini and the members for their tireless efforts of training and retraining of the local government functionaries, adding that it would surely enhance the workforce to be more efficient and effective in the discharge of their statutory functions.
In his paper presentation, a fellow of Institute of Chartered Accountant, Jeremiah Ugwu, who spoke on the topic “Understanding the Nature of Public Sector Account Management and Control”, outlined the various terminologies of public sector account. He also identified the objectives of public sector accounting and use of public sector accounting information.
Ugwu further stated that the paper dealth on the nature, objectives and processes of public sector accounting as well as the various financial management and control procedures related to the local government situation.
Another presenter, Chief Emmanuel Ambakaderemo on the title, “Salaries and Wages Management in Local Government, stressed that payroll section is an engine room of Local Government system as it is also an essential ingredient of wages and salary management, adding that payroll officers should always be mindful of the implications of indulging in all sorts of financial malpractices, therefore must handle their jobs with caution.
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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