Business
Procurement Officers Undergo Training
Procurement officers
deployed to various Ministries, Departments and Agencies of government in Lagos State, are currently undergoing training on the fundamentals of pre-qualification and framework contracting in public procurement.
This, the state said, was designed to broaden their knowledge on the use of the regulations and guidelines that will aid the implementation of the procurement law.
The General Manager, Lagos State Public Procurement Agency, Mr. Akin Onimole, in his welcome address at the Public Service Staff Development Centre, Magodo, Lagos training venue, said the objective of the training was to deepen the knowledge of the procurement officers in real life experiences in public procurement by sharing case studies and practical life exercises with them.
Onimole said the programme was meant to assist the procurement officers in the various MDAs to achieve the maximum level of performance in their job while also ensuring transparency, accountability and ethics in the public procurement process.
The House Committee Chairman on Finance, Mrs. Adefunmilayo Tejuosho, in her goodwill message, urged the participants to take full advantage of the training to improve their lot and service delivery to the state.
She reiterated the commitment of the state house of assembly to continue to support the agency to achieve its set objectives.
According to Tejuosho, the Public Procurement Agency as a regulatory body for the procurement of goods and services in the state will eventually take over the role being performed by the state Tenders Board.
She urged participants to take the training seriously and understand the basics of the procurement process, which are crucial in the execution of contracts.
Business
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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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