Business
Association Wants A’Ibom To Protect Forests
Chairman of Forestry Association of Nigeria (FAN) in Akwa
Ibom, Prof. Enefiok Udo, has called on the state government to invest more in
forestry to check deforestation.
In an interview with newsmen in Uyo, Udo suggested the
strengthening of state ministry of environment to enable it to plant trees
across the state.
He said that the 318 sq km forest reserve in the state had
been depleted to 302 sq km as of 1994.
By today, it has drastically reduced to ignoble state
because nothing was being done to check the erosion of the forests by oil
exploration and other encroachment activities”, he said.
“We used to have forests, although not as large as Cross
River’s but gradually, we have been losing these because of encroachment and
oil prospecting activities.
“Part of the forests has been used up by some local
government councils like Ibeno and Esit Eket and, so we are gradually losing
that reserve.
“It is a bad situation, because as you know, when you have
trees, they help to check some challenges like flooding, erosion and
environmental degradation”.
He added that trees also help to conserve water, stating
that “if you remove trees around a river, you expose the river to a lot of
damage as has been done in many cases, including the current flood incident in
the country”.
Udo appealed to government and individuals to protect the
forests from being completely destroyed.
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.
