Business
Salary Adjustment Shortfalls Nzidee Tasks Labour Leaders … Assures Civil Servants On Minimum Wage
Worried over complaints arising from the poor implementation of the 70 percent salary adjustments in Rivers State, Deputy National President of the Nigeria Civil Service Union, Comrade Menedee Nzidee has tasked affected union leaders to liaise with the appropriate authorities to correct the anomaly.
Comrade Nzidee in a chat with newsmen on Monday in Port Harcourt attributed the situation to poor computation and lapses from the union leaders whom he said failed to provide the authorities with the right chart.
He lamented that since about two months ago when the salary adjustment began, some civil servants have either had their pay cut or bloated, adding that a lot of complaints have arisen due to huge cuts in some civil servants salaries.
The increment which was supposed to be across board following the acceptance of the Government to pay 70 per cent if the N17,000 salary adjustment earlier in the year, had been marred y discrepancies as some civil servants have had their pay cut far less than their monthly salary.
Comrade Nzidee while urging the affected civil servants to be patient called on those union leaders in the Joint Negotiation Committee to ensure that the shortfalls are corrected and assured that they would soon receive their normal pay.
Commenting on the N18,000 minimum wage, the deputy chairman of the NCSU assured that the Rivers State Government of the NCSU assured that the Rivers State Government would pay the new salary but should be given time to settle down after the heat of the elections.
He dismissed the view that the Rivers State Governor, Rt. Hon. Chibuike Amaechi would not pay since the new pay has been passed into a law by the National Assembly.
Comrade Nzidee while recalling statements earlier made by Governor Amaechi in his capacity as chairman of Nigerian Governor’s Forum observed that it was only an agitation by the body to secure more funds in order to implement the new pay.
According to him, what I’m simply saying is that the people should give the Governor time to settle down in order to be able to carry out the full implementation of the new salary. Even the Commissioner of Finance has not been appointed.
“I’m sure that the first issue that would be addressed immediately the government settles down is the issue of minimum wage,” he remarked.
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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