Business
Inadequate database threatens SIM-NIN registration, NIMC admits deficit
Telecommunication consumers are lamenting the decision of the Federal Government to implement the National Identification Number-Subscriber Identity Module policy after the Nigeria Identity Management Commission disclosed that its infrastructure can accommodate only 100 million Nigerians.
The consumers under the aegis of the National Association of Telecoms Subscribers were reacting to comments by the Director-General of the National Identity Management Commission, Aliyu Aziz.
According to the DG, the commission’s database is at 80 per cent of its capacity with over 80 million unique NINs issued.
He said this during an interview on the Frontiers Show on the Nigerian Television Authority over the weekend.
He added that the commission presently has the capacity to issue about three million NINs monthly but hopes to increase its capacity soon.
Aziz said, “We built it (the database) to cater for a 100 million. Right now, we are at eighty million. Also, we have the government’s approval to upgrade it. So, before we reach there, we must have upgraded to about 250 million.
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“So, we don’t have issues with that. Most of the time, our major challenges are either power or the bandwidth of the connectivity that we have but not the infrastructure.”
According to him, the goal of the commission is to enroll every Nigerian, but it is lacking funding to implement upgrades.
He said that the NIMC got approval to upgrade its capacity in July 2021 but has yet to receive funding to the effect.
He added, “We are trying to upgrade the system. We have gotten the government’s approval since July last year. We are following up to get the funding. Funding is a challenge, but I don’t want to call it a challenge because it is a challenge for everyone.”
Aziz hinted that Nigerians might be compelled to pay for the enrolment process in the future.
According to President, NATCOMS, Adeolu Ogunbanjo, the decision of the Federal Government to implement the SIM-NIN policy despite NIMC’s lack of capacity is unjustifiable.
On April 4, 2022, the Federal Government asked telecom companies to bar over 72.77 million active telecom subscribers from the ability to make calls as a result of its SIM-NIN policy.
The government ordered that lines that had not linked their SIMS to their NINs must be barred from making calls. Ogunbanjo said, “We have always doubted NIMC’s capacity. This is a problem and that is what we have been saying that the capacity of the NIMC is obviously doubtful. They do not have the capacity to get all the details, or data of everyone.
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“This brings us to the fact that implementation of the policy should be extended. The NIMC’s capacity is inadequate. Fortunately, the NIMC has now come to say look, their capacity is inadequate so by extension we are saying, the supervising minister should hear this. There is no need to punish people when the capacity is only 100 million.
“This means even if every eligible Nigerian attempts to register, NIMC cannot accommodate them. NIMC cannot host that. The SIM-NIN policy implementation was done in a hurry.”
According to him, NIMC’s admission is an indictment on the government, not subscribers.
He added, “The Commission doesn’t even have the capacity for all the data of eligible Nigerians. The supervising minister has to know that they need to extend the deadline. The capacity is doubtful and inadequate.
“We will continue to push for a deadline extension and pressure the relevant authorities to ensure that NIMC’s capacity is upgraded. This is why we have been lamenting for a while. So NIMC has a capacity for only 100 million Nigerians? Why then is the minister in a hurry to implement the SIM-NIN policy? They have to issue a new directive. If NIMC doesn’t have the capacity for 200 million, then there is no need to implement the directive. They have been punishing Nigerians for nothing.”
Recently, the Minister of Communications and Digital Economy, Isa Pantami, said NIMC had challenges with infrastructure, salaries, welfare, and others.
The PUNCH reported that at least a total of N414.06m has been approved for the enrolment and verification process in the 2022 approved budget.
Railway
Lagos Rail Mass Transit part of FG free train ride – NRC
Lagos Rail Mass Transit part of FG free train ride – NRC
The Nigerian Railway Corporation (NRC) has disclosed that the Lagos Rail Mass Transit (LRMT) trains are included in the Federal Government’s free train ride initiative for the Christmas and New Year celebrations.
The LRMT, which currently includes the Phase 1 Blue Line Rail and the Phase 1 of the Red Line Rail, operates under the Lagos Metropolitan Area Transport Authority (LAMATA).
This announcement was made by Ben Iloanusi, the Acting Managing Director of the NRC, during an interview on NTA News TV on Friday, following the launch of the initiative earlier that day.
While Iloanusi stated that Phase 1 of both the Blue Line and Red Line Rail projects are part of the program, LAMATA has yet to confirm this inclusion.
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Iloanusi outlined the other routes benefiting from the scheme, which include the Lagos-Ibadan Train Service, Kaduna-Abuja Train Service, Warri-Itakpe Train Service, Port Harcourt-Aba Train Service, and the Bola Ahmed Tinubu Mass Transit in Lagos. Notably, little was previously known about the Bola Ahmed Tinubu Mass Transit service until this disclosure.
“Let me mention the routes where this free train service is happening. We have the Lagos-Ibadan Train Service, we have the Kaduna-Abuja Train Service, we have the Warri-Itakpe Train Service, we have the Lagos Rail Mass Transit trains, we have the Port Harcourt-Aba Train Service, and we have what we call the Bola Ahmed Tinubu Mass Transit, which is also in Lagos,” he stated.
Iloanusi provided operational updates, stating that passengers nationwide can access free tickets online or, for those unable to do so, at train stations where they will be profiled and validated.
He noted that passengers using NRC-managed services (excluding the Lagos Rail Mass Transit) should reserve tickets via the official website, www.nrc.gov.ng, with a valid ID required. He also advised travelers to plan, arrive on time, and bring valid identification.
Lagos Rail Mass Transit part of FG free train ride – NRC
Business
NNPC denies claim of Port Harcourt refinery shutdown
NNPC denies claim of Port Harcourt refinery shutdown
The Nigerian National Petroleum Company Limited (NNPCL) has denied claims in media reports that the newly refurbished Port Harcourt refinery has shut down.
The national oil company denied the claim in a press release issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Saturday.
Soneye said the claim was false and urged Nigerians to disregard it. He stressed that the Port-Harcourt Refinery is fully operational.
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The statement read, “The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.
“We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.”
He noted that preparation for the day’s loading operation is currently ongoing, and added that claims of the shutdown are “figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.”
NNPC denies claim of Port Harcourt refinery shutdown
Business
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM).
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM).
This move, detailed in a circular dated December 19, 2024, is designed to meet seasonal retail demand for FX during the holiday period.
The circular was signed by T.G. Allu, on behalf of the Acting Director of the Trade and Exchange Department.
The arrangement will be in effect from December 19, 2024, to January 30, 2025.
Under the directive, BDCs may purchase FX from a single Authorized Dealer of their choice, provided they fully fund their accounts before accessing the market.
Transactions to occur at the prevailing NFEM rate
The transactions will occur at the prevailing NFEM rate, and BDCs are required to adhere to a maximum 1% spread when pricing FX for retail end-users.
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All transactions conducted under this scheme must be reported to the CBN’s Trade and Exchange Department.
The circular read in part:
“In order to meet expected seasonal demand for foreign exchange, the CBN is allowing a temporary access for all existing BDCs to the NFEM for the purchase of FX from Authorised Dealers, subject to a weekly cap of USD 25,000.00 (Twenty-five thousand dollars only).
This window will be open between December 19, 2024 to January 30, 2025.
“BDC operators can purchase FX under this arrangement from only one Authorized Dealer of their choice and will be required to fully fund their account before accessing the market at the prevailing NFEM rate. All transactions with BDCs should be reported to the Trade and Exchange department, and a maximum spread of 1% is allowed on the pricing offered by BDCs to retail end-users.”
The CBN assured the general public that PTA (Personal Travel Allowance) and BTA (Business Travel Allowance) remain available through banks for legitimate travel and business needs.”
These transactions are to be conducted at “market-determined exchange rates” within the NFEM framework.
This initiative reflects the CBN’s strategy to stabilize the FX market and manage seasonal surges in demand.
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
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