Business
COREN Urges FG To Equip Technical Colleges
The President, Council for the Regulation of Engineering in Nigeria (COREN), Mr. Kashim Ali, has urged the Federal Government to adequately equip the nation’s technical colleges to enable them to produce quality craftsmen.
Ali, according to a report by The Tide source, spoke against the backdrop of increased cases of collapsed buildings in the country.
He said unless the technical colleges were adequately equipped and monitored, Nigeria would continue to produce half-baked craftsmen and more cases of building collapse would be recorded.
“Most of the collapsed buildings were handled by quacks who call themselves ‘engineers’. To the best of my knowledge, we have not recorded any collapsed building that was handled by qualified engineers. Our members are well-trained; if an engineer supervises a building, it will not collapse,” he said.
Ali, also a former President of the Nigerian Society of Engineers, said cheap building materials were being used by unqualified people in the construction of buildings that collapsed, adding that most of the quacks had yet to be apprehended and prosecuted by the government because they were, in most cases, engaged by wealthy individuals.
He said COREN had a disciplinary committee that usually carry out investigations into cases of collapse buildings and was legally empowered to try and sentence offenders.
Ali said, “Nobody has yet been arrested and prosecuted because most of these quack builders were employed by some important people in the society who can as well cover up for their criminal acts.
“Once there is a building collapse, we investigate; and if any of our members is found wanting, we take the appropriate disciplinary action against the member.”
He urged the government to step up awareness by highlighting the risks in employing quacks in the construction industry.
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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