• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors

NIMC to upgrade software as NIN hits 107 million

Sami Tunji by Sami Tunji
May 10, 2024
in Sectors, Spotlight, Tech News
NIMC, world Bank
Share on FacebookShare on TwitterShare on Linkedin

The National Identity Management Commission (NIMC) has said that 107.33 million Nigerians have been enrolled into the National Identification Number (NIN) database as of May 2023.

This is an increase of 3.18 million from the 104.16 million recorded as of December 31, 2023.

The Director of Database at NIMC, Mr. Femi Fabunmi, disclosed this during a press briefing on Friday in Abuja, saying: “As of this morning, the total enrolment in our database is 107,338,044.”

The increase is likely triggered by an announcement by the Central Bank of Nigeria (CBN) that all bank accounts without BVN or NIN would be frozen from April 2024.

RelatedStories

Nigeria’s weak external reserves are a concern – Fitch Ratings

Some Nigerian banks to operate under forbearance beyond 2025 – Fitch 

August 27, 2025
CBN, forex

CBN sets October 31 deadline for Payment companies to comply with ISO 20022

August 26, 2025

In a circular by the apex bank in December 2023, it instructed banks to place a “Post no Debit” restriction – which prevents customers from making withdrawals, transfers, or any other debits “for all existing Tier-1 accounts/wallets without BVN or NIN”.

‘Post No Debit’ is a term used to describe a restriction imposed by banks on specific accounts, preventing customers from making withdrawals, transfers, or any other debits from such accounts.

NIMC working on expanding the database 

The Director-General of NIMC, Abisoye Coker-Odusote, noted that the capacity of the current database is almost exhausted and efforts are ongoing to expand the database to cover 250 million unique NINs for adults.

She said: “We have started to work on upgrading the capacity across all boards from the network infrastructure perspective to software licensing areas. We are working on that to increase the capacity that we have. We are trying to ensure that we increase it from 100 million to 250 million.”

On how long the upgrade may take, she noted: “That process will take us a minimum of six to nine months. So, it is a lot of work that needs to be done but we have commenced that process.”

She further lamented that a lot of the commission’s equipment is outdated and needs to be replaced and upgraded.

When asked about the current capacity of the database, she further clarified that although the number of NINs recorded exceeded 100 million, which is the capacity of the database, some of the data are for children, not adults, and certain data like fingerprints are not collected from children.

Stressing the need for upgrading the database, she said: “We are approaching the end of our capacity.”

The director of the database who spoke with Nairametrics briefly after the media parley also clarified that the 100 million capacity is based on licensing available for each NIN.

He stressed that the licensing is not required for data collected from children. This is why the database is yet to reach its 100% capacity.

NIMC plans to review prices 

The NIMC DG also disclosed that the commission is currently reviewing the fees it offers for its services, stressing that getting NIN is free.

She said: “We are definitely reviewing our rates. We will not increase them too much, but we are going to review our rates.”

Coker-Odusote also noted that the NIMC fees have not been increased in a long time but assured that the increase will be moderate.

She also said that the newly launched multipurpose identity card is not free.

The NIMC boss also said that the NIMC is partnering with ministries like the Ministry of Agriculture to ensure more onboarding. She noted that some government agencies have been made front-end partners to help more Nigerians get their NIN.

Coker-Odusote also noted that some front-end partners have been found wanting for how they handled the NIN registration process, noting that investigations are ongoing on that.

She added that she met a debt of almost N30 billion, and this is among the issues that the commission under her is working to resolve.

Although NIMC said it would clear outstanding debts to front-end partners in the first quarter of 2024, the commission’s DG noted some of the partners are being engaged in a discussion to settle fines for infractions before the debts will be paid.


Follow us for Breaking News and Market Intelligence.
Tags: Abisoye Coker-OdusoteBVNCBNNIMCNIN
Sami Tunji

Sami Tunji

Sami Tunji is a writer, financial analyst, researcher, and literary enthusiast. Aside from having expertise in various forms of writing (creative, research, and business writing), he is passionate about socio-economic research, financial literacy, and human development. Currently, he is a financial analyst at Nairametrics and an African Liberty Writing Fellow 2023/2024.

Related Posts

Nigeria’s weak external reserves are a concern – Fitch Ratings
Financial Services

Some Nigerian banks to operate under forbearance beyond 2025 – Fitch 

August 27, 2025
CBN, forex
Financial Services

CBN sets October 31 deadline for Payment companies to comply with ISO 20022

August 26, 2025
Forex volatility: BDC operators reveal over 90% of dollar liquidity is off the books
Breaking News

Nigeria’s FX reserves soar to $41 billion, hitting 44-month high 

August 21, 2025
British pound, Naira
Currencies

Naira pegs at N2,205/£ against resilient British Pound Sterling

August 17, 2025
Navigating Nigeria’s Forex Market: Trends and Opportunities in 2025 
Companies

Navigating Nigeria’s Forex Market: Trends and Opportunities in 2025 

August 14, 2025
Easy steps to build wealth through saving money in 2024
Currencies

Naira is one of the strongest currencies in the world, handle with integrity, CBN tells Nigerians 

August 14, 2025
Next Post
GTCO

GTCO shareholders approve $750m capital raising

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
nairametrics
Emple
Palmpay
first bank








DUNS

Recent News

  • FG blames multiple loan deductions for workers’ poor access to housing loans 
  • How Nigerian Insurance Reform Act 2025 will reshape the industry – Tunji Andrews 
  • Why We pushed NBS to rebase ICT GDP in Nigeria – NITDA DG 

Follow us on social media:

Recent News

FG blames multiple loan deductions for workers’ poor access to housing loans 

FG blames multiple loan deductions for workers’ poor access to housing loans 

August 27, 2025
How the Nigeria Startup Act of 2022 addresses problems of startups - Tunji Andrews 

How Nigerian Insurance Reform Act 2025 will reshape the industry – Tunji Andrews 

August 27, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics