Business
Wogu Lauds Senate Over Workers Safety Bill
The Minister of Labour and Productivity, Chief Emeka Wogu, recently commended the Senate for giving attention to the Occupational Safety and Health at Work Bill.
The bill was passed by the 6th Assembly but could not be assented to before the expiration of that assembly.
The minister gave the commendation while receiving the Senate Committee on Employment, Labour and Productivity, during its oversight visit to his office in Abuja.
He noted that the committee had made concerted efforts in processing the bill.
Wogu expressed optimism that the passage of the Bill would eventually address the issues of safety of workers, “whether in the air, land or sea”.
The minister also briefed the Committee on the performance of the Ministry’s 2012 budget and the achievements recorded so far in the implementation of the budget.
Earlier, the Chairman of the Committee, Sen. Wilson Ake stressed the need for the prevalence of peace in the country.
He described peace and industrial harmony as central to the economic development of Nigeria, saying, “whenever there is peace and harmony, development is eminent”.
“For Nigeria to move forward, the industrial sector must support the activities and policies of the government.
“I also want to commend the achievements you have made so far in respect of your official responsibilities and encourage you to keep up the good work,” he added.
Ake, who said that the committee was conscious of the challenges confronting the operations of the ministry, promised its support in surmounting them.
“I want to let you know that we appreciate the difficulties of your ministry, I assure you that we are here to collaborate with you to ensure that your challenges within our purview are eliminated,” he said.
He commended the minister for sustaining industrial peace and harmony in the country as well as many other achievements recorded by the ministry under his leadership.
The Tide recalls that the Chairman of the House of Representatives Committee on Labour, Mr Essien Ayi had earlier called on the legislature to pay attention to the safety of Nigerian workers and companies in the country.
“We must continue to look into the safety matters regarding workers and company in Nigeria.
He also promised that the House would collaborate with the ministry to fight for the safety of Nigerians in all sectors.
Ayi added that the committee would do everything within its power to ensure the passage of the bill.
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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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