Business
FG Assures On Completion Of Ports’ Access Roads
The Federal Government
has said repair works on access roads to the nation’s ports especially Apapa, will be completed in two months while awaiting the execution of the main contracts to cushion the effect of the gridlock on the busy Oshodi-Apapa Expressway.
At a meeting between officials of the federal government and leaders of Maritime Workers Union of Nigeria, MWUN, to avert the union’s threat to shut the ports, government officials and the union, agreed that a standing committee for the evacuation of tankers from the Apapa-Oshodi Expressway be set up.
The meeting was to stop the strike threat by the union over the menace of tankers and other heavy duty trucks on the access roads to Apapa-Oshodi Expressway and other ports, among others.
The meeting called by the Minister of Labour and Productivity, Chief Emeka Wogu, was attended by Minister of Transport, Senator Idris Umaru, Minister of State for Works, Prince Adedayo Adeyeye, Managing Director of Nigeria Ports Authority, Alhaji Habib Abdulahi, representative of the Inspector General of Police, CSP Olusegun Omojuwa, Force Marine Officer and leaders of the union led by its President-General, Mr. Anthony Nted.
Participants at the meeting appreciated “the maturity and understanding shown by the trade union at various times in the pursuit of its members’ welfare. The concern the trade union has exhibited in the nation’s welfare was equally appreciated. The meeting noted that some of the trailers have been moving out of the area gradually, and the Federal Government is already addressing the issues of concern to the Trade Union by the award of contracts to Julius Berger to do preliminary assessment, palliative measures, rehabilitation and reconstruction of the roads.
“In consideration of the demand by MWUN for immediate palliative measures/works while awaiting the execution of the main contracts, the meeting concluded as follows that sixty (60) days be slated for the completion of the palliative works, the meeting would reconvene in thirty (30) days time to re-assess progress made, and a Standing Task Force Committee would be put in place to ensure clearing of tankers and trucks from Port Access roads. The Standing Task Force Committee will have MWUN and other relevant stakeholders as members.”
“The meeting noted that the issues of removal of Tank Farms and Petrol Tankers would involve the input of the Minister of Petroleum Resources who was unavoidably absent due to some equally important official meeting, and also, the input and cooperation/action of other stakeholders needed. It was therefore concluded that the issues pertaining to the Tank Farms should be stepped down to allow the Federal Government time to address the issues.”
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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