Business
Association Urges Operators To Woo Foreign Tourists
The National Coordinator, Ni
gerian Hotels Association (NHA), Mr Lanre Awoseyin, last Tuesday, urged tour operators to focus more on packaging tourists coming into the country.
Awoseyin told newsmen in an interview in Lagos that tour operators in the country
were known for preparing tickets mostly for out-bound tourists.
According to him, packaging tours to other countries was not beneficial to the country’s economy rather the receiving countries benefit more.
“Tour operators should engage more in the business of packaging tours into the country to develop the country’s domestic tourism, instead of focusing on taking tourists outside the country,’’ Awoseyin said.
He urged tour operators to collaborate with their foreign counterparts to acquire the techniques of luring tourists into the country.
The tourism practitioner, however, said that there were enormous challenges facing the development of domestic tourism in the country.
He said that tour operators would not lure tourists into a country with under-developed infrastructure.
According to him, there is need to develop some neglected tourism sites in the country to bring them to international standards.
Awoseyin urged all tiers of government to develop tourism sites in their areas to enhance development in the sector, noting that “Infrastructure problem is one of the set backs experienced by tour operators.
“Therefore, it is important that government should tackle infrastructure problem to create the enabling environment for the industry to thrive .
“If there are well-developed tourism sites, foreign tourists will be excited to visit sites like the Ogbunike Cave in Anambra and the Yankari Games Reserve in Bauchi.
“This will also boost the inflow of foreign exchange for the country,’’ Awoseyin stated.
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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