Business
RSG Tasks FG On Housing Dev
The Rivers State Commissioner for Housing, Mashall Stanley Uwom, has expressed his displeasure over the inability of the Federal Government to invest on housing development in the state.
He said that Rivers State has not benefited adequately from the National Housing Scheme, pointing out that what the State Housing Development Authority had received is the first phase of N1.9 billion that was supposed to be disbursed.
Uwon made the declaration while inaugurating the committee on activities of Rivers State Housing and Property Development Authority in his office in Port Harcourt.
According to him, the inauguration is in line with the administration’s policy of transparency, accountability and due process as well as expanding the scope of the ministry’s mandate towards monitoring the activities of the Housing and Property Development Authority.
He charged members of the committee headed by Barr. Ovunda O. Orji to see the appointment as a call to selfless service to the state and with the mandate to bring up a report on the operation, success and failure of the National Housing Progamme in Rivers State as well as to verify and provide details of contributions/statistics relating to the above in the state and to provide report on the role of Federal Mortgage Bank of Nigeria (FMBN) and agreement reached if beneficial or detrimental or, if properly executed by the RSHPDA.
To also make a recommendation on how best to improve the Management and Board of RSHPDA, to bring up a report on illegal alienation/sale of Houses/Estates, project executed and success or failure made by the RSHPDA.
The terms of reference further empowers them to confirm receipts and disbursement of rents collected by the authority from houses, estates and properties and to invite chairmen of CDC of Government Estates to advice on how best to improve and manage these estates, properties etc.
The committee was given tentatively, one month to submit its report. Meanwhile, the commissioner announced that Eviction Committee of the Ministry of Housing will soon be inaugurated to evict all illegal occupants and structures in Government Housing Estates at Igbo-Etche, Orijie/Oromineke, Iriebe Satellite Town, Eleme Gardens and all the 23 local government areas.
In response, the committee chairman Barr. Ovunda Orji thanked the commissioner for finding them worthy to serve and assured that the state will not be disappointed. He requested for availability of resources and logistics to enable the committee meet the challenges of the task. The chairman promised to round up their responsibility within the shortest period.
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.
