x

Real Reasons For Replacing BVN, Others With NIN – FG

The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, recently disclosed that the federal government has begun the process of replacing the Bank Verification Number (BVN) and other national database systems with the National Identity Number (NIN).

the real reasons behind this move.

Aside from BVN, there are other key data systems in Nigeria.

Some of these are the Drivers Licence, issued by the Federal Road Safety Corps (FRSC), the Tax Identification Number (TIN) and the International Passport Number.

Others include professional licences like medical practice licence, pharmacology, nursing licence, teachers’ registration licence and engineering licence, among others.

According to the minister, his office was leading the initiative.

And the key reason for the migration of all databases to NIN is the fact that NIN is backed by law.

He said there is the need to replace BVN with NIN because the BVN is a bank policy but NIN is a law.

Because it has been established by law, the strength of the law everywhere is higher than a policy made by an institution.

The BVN was a policy directive by the Central Bank of Nigeria (CBN) that all customers of commercial banks must be identified through a verifiable number system.

Just like BVN and other data systems, there are limitations: you must be eligible to be captured in one or all these databases, but the NIN is not so, as long as you are a Nigerian or living in Nigeria.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

FCT Striking Primary Teachers, Insist “No Payment, No Work”

By Joyce Remi-Babayeju Striking primary school teachers in in the...

NCPC South South Zonal staff celebrate , Chief Weli Wosu

By Joyce Remi-Babayeju The staff of the Nigerian Christian Pilgrim...

Wike Lauds Tinubu For Rescuing Nigeria From Collapse

By Joyce Remi-Babayeju The FCT Minister, Barr Nysome Wike has...

WSIS 2025: NCC Wins Global Prize for Digital Awareness Programme

Nigeria, through the Nigerian Communications Commission (NCC), has won...

Kaduna: Suspected Diphtheria Outbreak Kills 3 Children, Infects 6 in Zaria

By Achadu Gabriel, Kaduna At least three children have died...

NBC Commends Alu Ya Gode FM/Alu TV for Professionalism, Code Compliance

By Muhammad Ibrahim, Sokoto The National Broadcasting Commission (NBC) Sokoto...

Sokoto Assembly to Pass Vote of Confidence on Governor Ahmad Aliyu

By Muhammad Ibrahim, Sokoto The Sokoto State House of Assembly...

Sokoto State Seeks Strategic Education Partnerships at International Summit in Turkey

By , Sokoto Sokoto State recently participated in the International...
spot_img

Related Articles

Popular Categories

spot_imgspot_img