Business
RSG To Enforce Ban On Roadside Mechanics, Parks …As Deadline Expires
The Permanent Secretary, Rivers State Ministry of Information and Communication, Paulinus Nsirim, has reaffirmed Government’s decision to enforce the close down of all illegal road side mechanic workshops, car dealers shops, motor parks and street traders with effect from July 1, 2019.
The Permanent Secretary who disclosed this in a chat with newsmen in Port Harcourt recently, said that the state government had given the affected persons enough time to adjust and vacate the roads, noting that government will not hesitate to prosecute any defaulter hence forth.
According to him, those who are selling cars along the road and those operating illegal motor parks and mechanic workshops had been warned to relocate their business to an approved area, as government stands on the ultimatum, saying that there would not be any extension on the deadline.
He revealed that a taskforce had been set up in conjunction with security agencies to impound goods of people who may want to violate the order, adding that any item impounded by the task force after the deadline would be forfeited.
He said that the governor who is people oriented, held a meeting with the stakeholders in this regard, and there was a dialogue where the decision was taken, therefore no defaulter would be spared in course of enforcing the order, he added.
Meanwhile, some of the street traders, roadside mechanics and other victims were demanding for alternative location from the government, saying that the planned clampdown would affect their livelihood.
Speaking to The Tide last Monday, a roadside mechanic at Amaigbo Street, Mile 1 Diobu, Port Harcourt, Sunday Anyanwu, said the planned clampdown by the state government would inflict financial injury on him, saying that government should include in its development plan another mechanic village in addition to the one at Elekahia.
He pointed out that there are more mechanics on the road than in the approved workshops due to lack of space occasioned by neglect of the sector by the government, noting that more cars hit the roads daily, so also they would be maintained through the services of the mechanics.
Kinika Mpi
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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