Business
‘Nigeria’s Tourism Earnings May Hit $9.4m’
Improved sanitation conditions in Nigeria could increase travel and tourism income to $9.4 million (N1.5b) annually, a Water and Sanitation international report has shown.
The report made available to our correspondent in Abuja indicated that unhealthy environment has reduced the tourism competitiveness.
“The World Economic Forum (WEF) Travel and Tourism competitiveness report ranks countries according to 75 indicators, one of which is sanitation status.
“Based on the current contribution of travel and tourism to GDP, addressing sanitation in Nigeria could lead to an increase in travel and tourism of an estimated $9.4 million annually,” the report stated.
Meanwhile, the UN Water Global Analysis and Assessment of Sanitation and Drinking Water (GLAAS) Report 2012 has shown results of what countries can achieve with sustained commitment, adequate resources and effective implementation approaches.
The report showed that between 1990 and 2010, over 2 billion people worldwide gained access to improved water sources and 1.8 billion people gained access to improved sanitation.
Our correspondent reports that the UN Water Assessment Report monitors the inputs required to extend and sustain water, sanitation and hygiene (WASH) systems and services.
It also analyses the factors associated with progress, bottlenecks, knowledge gaps, strengths, weaknesses, challenges, priorities and successes, to facilitate benchmarking across countries.
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.
