The Minister for Communications and Digital Economy, Dr. Isa Pantami, has revealed plans by the Federal Government to replace the Bank Verification Number (BVN) with the National Identity Number (NIN).
This is as the Ministry is collaborating with the Central Bank of Nigeria (CBN) to ensure citizens with BVNs are automatically provided with NINs.
This disclosure was made by Pantami, when he led a delegation of chief executive officers on a visit to Mobile Network Operators (MNOs) and a private enrolling centre in Abuja.
What the Minister for Communications and Digital Economy is saying
According to a report from News Agency of Nigeria (NAN), after making a presentation to National Economic Sustainability Committee, the Minister said his attention and that of the CBN Governor were drawn to the need to replace BVN with NIN.
Pantami said since then, the 2 establishments had been working on the initiative, with the CBN having more workload to facilitate the process, in order to make it much easier for Nigerians.
The Minister pointed out that the challenge is that the BVN records may not be 100% the same as the NIN, but what is most important is that the NIN is the primary identity of every legal resident in the country.
He said “BVN is a policy of a bank and has not been established by law. The NIMC Act 2007 provides that all our citizens must enrol and the law gives them 60 days to enrol from the time the law was enacted and a maximum of 180 days.
“All permanent residents in the country and legal residents that have to stay here for a minimum of 24 months must enrol so that the primary identification of all and all other databases are supposed to utilise this and not for NIN to utilise the BVN because it is the primary one.
“Some of the challenges encountered, NIMC produced the template for registering citizens in passport, BVN and others but some institutions did not comply with the requirements. Even in biometrics, some will just take four, some two, so you cannot harmonise without upgrading and integrating the system.”
He said that the Federal Government had accredited 203 operators that would help enrol citizens to secure their NIN, adding that the visit was to oversee how the exercise had been.
What you should know
- It can be recalled that the Federal Government had directed that telecommunication companies should block from their networks, any SIM that was not registered with valid NINs with effect from December 30, 2020.
- However, following public outcry, the government gave 6 weeks’ extension to subscribers without NIN from December 30, 2020, to February 9, 2021, and 3 weeks’ extension for subscribers with NIN from December 30, 2020, to January 19, 2020.
- This was further extended by 8 weeks with April 6, 2021, as the new deadline.
More Nigerians don’t trust government, fear losing jobs more than COVID-19 – Report
The 2021 Edelman Trust Barometer has revealed that Nigerians trust NGOs, businesses more than they trust the government.
A recent survey has revealed that only 24% of Nigerians have trust in the government which is one of the lowest rates in the world. The report also stated that Nigerians have more fear of job losses than Covid-19.
The was revealed in the 21st Edelman Trust Barometer Survey Report on Nigeria unveiled virtually by Edelman and its Exclusive Nigerian Affiliate, Chain Reactions Nigeria, in Lagos on Tuesday, 23 February 2021.
Presenting the 2021 Nigeria findings with the theme: ‘Pandemic’s Ongoing Impact on Trust’, CEO of Edelman Africa, Jordan Rittenberry, noted that Nigerians are looking to civil society organisations and businesses to assist the government in uplifting communities and driving positive change.
The 2021 Edelman Trust Barometer Report revealed that “out of the four institutions of government, business, media and Non-Governmental Organisations (NGOs), Nigerians trust civil society organisations the most, with businesses coming second.”
Highlights of the survey include:
- Most Nigerians expressed distrust for the media and returned the lowest trust quotient in the world for government with 24%.
- Nigerians overwhelmingly placed the highest Trust in their ‘employers’, and in the process revealed their expectations for CEOs and business leaders to be more pro-active in speaking out on societal issues (92%) and driving positive change (79%) rather than wait for government.
- Nigerians fear losing their jobs more than they fear coronavirus, with a high degree of vaccine hesitancy revealed, as only 26% expressed readiness to take the COVID-19 vaccine when made available.
Laolu Akande, the Senior Special Assistant on Media to Vice President Yemi Osinbajo said: “Distrust in government is not peculiar to Nigeria. However, the government does have the responsibility to up its game in communication, to demonstrate responsibility and responsiveness.”
Akande cited the acclaimed National Social Intervention Programmes, and the COVID-19 Survival Fund as some evidence of the Muhammadu Buhari administration’s unprecedented responsiveness to Nigerians.
In case you missed it
Nairametrics reported last month that only 68.8% of Nigerians believe Covid-19 is real. While 39.9% of Nigerians say they will take the vaccine, 63.3% are opposed to another lockdown, in a report by SBM Intel
SEC denies knowledge of Oando shareholder’s court case
SEC has denied ever being served with court processes with respect to the purported matter at the FCT High court.
The Securities and Exchange Commission (SEC) has denied the claim by one of Oando Plc’s shareholders, Engr Patrick Ajudua, that he won a court case against the capital market apex regulator.
SEC disclosed in a statement it issued and seen by Nairametrics on Wednesday that there was never a time it was served with court processes with respect to the purported matter at the FCT High court.
It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission.
“The Commission wishes to inform the general public that it was never at any time served with court processes with respect to the purported matter at the FCT High court. The Commission will consequently take all necessary steps to verify and set aside the purported decision of the said Court.”
The attention of the Commission has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the FCT High Court against the Commission. Full Statement –> https://t.co/olT2FpxaEK
— SEC Nigeria (@SECNigeria) February 24, 2021
What you should know
- On Tuesday, Ajudua, reportedly won a legal suit, which was filed at the High Court of the FCT against SEC, according to Nairametrics.
- He filed that the directive of the SEC suspending Oando’s Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
- In the said hearing presided over by Honorable Justice O. A Musa, all cases filed were granted in his favor.
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