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Using NIN to Fire the Kiln of Development
Nigeria is reaping the consequence of poor planning. The slow pace of development is directly traced to lack of planning.
In today’s modern society, population has become an important issue of concern. Population can also be a major asset or heavy liability depending on how it is employed.
This is so because population, in terms of its size and composition, has far-reaching implications for change, development and the quality of life in society.
But Nigeria is bedevilled by the absence of accurate demographic, economic and statistical data needed to fashion out proactive development plans.
That this lack of data did not dissuade the government from drawing up more medium-term plans such as vision 2020, among others, is a confirmation that the nation has been planning without facts.
That is why we welcome the present attempt by the National Identity Management Commission (NIMC) to create a Unified Identification System in Nigeria through the ongoing National Identity Number (NIN) enrollment exercise.
Identity is the key ingredient of the growth and development of any economy and the quest by NIMC to create a paradigm shift from the identity card issuance to the National Identity Management System (NIMS) will be of great benefits to Nigeria.
When the NIMS project is fully operational, it will, among other things, provide a convenient and simplified process for enrolment into the National Identity Database for the issuance and use of the National Identification Number and the National Identity (smart) Card.
It will help to protect Nigerians from identity theft and fraud by providing a simple, reliable, sustainable and universally acceptable means of confirming an identity at all times.
It will make life easier by providing Nigerians with an easy and convenient means of providing their identities anywhere in Nigeria and beyond.
It will help to reform Nigeria’s political process by facilitating the work of the managers of the electoral process.
Importantly, it will make it harder for criminals to use false or multiple, duplicate and ghost identities.
This will help the government, through the enhanced performance of the law enforcement agencies, to protect Nigerians from crime, especially advance fee fraud and terrorism.
Nigeria will also be able to better manage her national currency, achieve financial inclusion and deepen the Customer Credit System, which will help to grow the economy, create employment opportunities and raise the standard of living of Nigerians.
Additionally, a reliable identity system will help to harmonise and integrate identity databases in government agencies (and also in the private sector) and optimise the use of government resources so that service delivery is enhanced across the economy.
And for Nigeria as a country, it is one of the best public relation materials because Nigerians can now prove their identity.
We therefore, urge the federal government to clear the roadblocks to the achievement of reliable, accurate and world class identity management.
Nigeria can achieve this by encouraging NIMC to produce for Nigerians ‘a single version of truth’ of an individual’s personal information.
All the data collected by agencies like the Federal Inland Revenue Service, Federal Road Safety Corps, National Health Insurance Service, Nigeria Immigration Service, National Pension Commission, Nigerian Communications Commission and financial institutions should be seamlessly integrated by NIMC.

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E-Financial
Nigerian Banks End Years of Embargo, Resume Intl Transactions on Naira Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards, marking a significant shift in banking operations for customers who rely on foreign payments.
This is coming nearly three years of suspension.
United Bank for Africa (UBA) and Wema Bank, in separate communications to their customers, announced the restoration of international payment services on their naira cards.
In a notice to its customers, UBA said the reactivation of international transactions on its premium naira cards aligns with its commitment to delivering improved and seamless banking experiences.
“We are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for international transactions,” the bank stated.
“This means you can now use your Premium Naira Card for global payments — including online shopping, POS, and ATM transactions — with ease and flexibility. If you haven’t used your card recently, now is a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”
Similarly, Wema Bank announced that its customers can now make dollar payments on international platforms using their naira Mastercards.
“Your Wema Naira Mastercard just went global!” the bank said. “Now you can pay in dollars on all your favourite international platforms — Amazon, eBay, AliExpress, Netflix, Spotify, YouTube.”
The development marks a major relief for Nigerian customers who have had to rely on dollar cards or alternative payment methods since most banks suspended international usage of naira cards in 2021 due to foreign exchange scarcity.
E-Financial
Flutterwave Secures 20 more US Money Transmitter Licences

Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across U.S. states following its newly acquired Money Transmitter Licences (MTLs).
This comes after Flutterwave secured 20 additional MTLs in the U.S., adding to the 14 licenses the brand has held since 2023.
Altogether, this achievement raises Flutterwave’s total number of direct licenses to 34, allowing the company to operate across many U.S. states and territories without partners or intermediaries.
Users in the U.S. can now send money to Nigeria, Ghana and Egypt, unlocking new remittance corridors that were previously unavailable.
Alongside this expansion, the onboarding process has been streamlined with a quick ID check, making it faster and easier for new users to get started.
Additional improvements include optimised payment support for US-issued Visa and Discover cards, enhanced security measures to safeguard transactions and maintain compliance, and improved in-app flows for a simpler, more efficient sending experience.
This return also highlights Flutterwave’s commitment to delivering a seamless, secure, and regulatory-compliant user experience for all Send App customers in the U.S. Users can now send money from DC, Georgia, Maryland, North Carolina, Michigan, South Carolina, Tennessee.
Other U.S. states and territories where Send App by Flutterwave supports outward remittances include Alaska, Arizona, Arkansas, Delaware, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Minnesota, Mississippi, and Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Dakota, Utah, Washington, West Virginia, Wisconsin, and Wyoming.
Commenting on the relaunch, Olugbenga “GB” Agboola, Flutterwave Founder and CEO, said, “By expanding our reach and enhancing our services, we are empowering millions of Africans in the U.S. to maintain strong financial ties with their home countries, support their families, and contribute to economic development across the continent. Additionally, we are staying true to our core mission of bridging Africa with the global economy and vice versa.”
Earlier this year, Flutterwave integrated Swap into Send App for seamless FX transactions and strengthened its services in Ghana by securing approval for inward remittance from the Bank of Ghana.
E-Financial
Court Affirms NIBSS Authority to Manage BVN

Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System (NIBSS), to manage the Bank Verification Number (BVN), database across the country, in line with the Central Bank of Nigeria (CBN), Act and other relevant banking laws.
This is according to a judgment delivered by Justice James Omotosho on Friday.
Wolemi Esan, senior advocate of Nigeria, NIBSS’s counsel, and Kofo Abdulsalam-Alada, lead counsel for the CBN, among others, had sought a restraining order to prevent any institution in Nigeria from challenging the agency’s statutory authority to maintain and manage the BVN database.
This comes as NIBSS had alleged that Digital Rights Lawyers Initiative filed multiple suits, either directly or through proxies, challenging its authority to manage the BVN database and claiming that such management violates constitutional privacy rights.
However, Justice Omotosho, delivering his judgment, said the BVN does not infringe on the constitutional right to privacy.
“The initiative does not infringe on the constitutional right to privacy but rather serves as a necessary tool for safeguarding public interest and enhancing financial security.
“NIBSS has the power to manage the BVN,” the judge said, citing relevant CBN laws.
“The court grants the reliefs of NIBSS as prayed,” he stated.
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