Inadequate database threatens SIM-NIN registration, NIMC admits deficit – Newstrends
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Inadequate database threatens SIM-NIN registration, NIMC admits deficit

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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.

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Tinubu orders creation of single-digit tax system

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Tinubu orders creation of single-digit tax system

President Bola Tinubu has directed a creation of a single-digit tax system with a maximum of nine taxes for a company or an individual.

Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, disclosed this in Abuja while speaking with the management team of Guinness Nigeria who paid him a visit.

A statement on Wednesday by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, quoted Adedeji as saying, “The President gave a directive that he wants a single-digit tax in the country, meaning that the maximum number of taxes we will have after the work of the Presidential Committee on Fiscal Policy and Tax Reforms will be nine taxes.”

The statement added that the plan was aimed at having a conducive environment “created for businesses to flourish and grow the economy.”

 

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Naira gains further against dollar

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Naira gains further against dollar

The Naira rose further in the official market on Tuesday, trading at N1,382.95 to the dollar.

According to data from the FMDQ’s official trading portal, the Naira rose by N25.09, or 1.78 percent, from the previous day’s rate of N1,408 versus the dollar.

On Tuesday, total turnover was $245.58 million, up from $222.15 million on Monday.

Meanwhile, at the Investor’s and Exporters (I&E) window, the Naira traded between N1,486 and N1,300 against the dollar.

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The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN) had, earlier on Tuesday at its 294th Monetary Policy Committee (MPC), raised Monetary Policy Rate (MPR) by 200 basis points from 22.75 per cent to 24.75 per cent.

CBN governor Yemi Cardoso said that was meant to tackle the nation’s rising inflation.

Naira gains further against dollar

(NAN)

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CBN jacks up interest rate amid soaring inflation

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CBN jacks up interest rate amid soaring inflation

The Central Bank of Nigeria (CBN) on Tuesday raised the interest rate from 22.75 per cent to 24.75 per cent amid soaring inflation.

Governor of the central bank, Olayemi Cardoso, made this known after the two-day Monetary Policy Committee (MPC) meeting held on Monday and Tuesday.

The country’s latest annual inflation rate jumped to 31.70 per cent from 29.90 per cent for last month, fueled by a continuous rise in food prices.

Cardoso disclosed that the MPC voted to adjust the asymmetric corridor around the MPR at +100 to -300 basis points.

He said the committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the CRR of merchant banks from 10 per cent to 14 per cent.

The committee also voted to retain the liquidity at 30 per cent.

He said, “Members noted the continued rise in headline inflation driven largely by food prices, because of supply shortages, and high cost of Logistics and Distribution.

“The committee, therefore, was of the view that addressing food insecurity is key to containing current inflationary pressures.”

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