Economy

FG Reveals Plan To Replace BVN With NIN

The Federal Government has commenced plans to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN).

The Minister of Communications and Digital Economy Dr. Isa Ali Pantami, who disclosed this to newsmen shortly after a tour of telecoms operators and NIN licences in Abuja, said President Muhammadu Buhari has been briefed on the on-going NIN registrations.

Pantami who said the President was happy with the conduct of the exercise so far, noted that he had also briefed the National Economic Sustainability Committee headed by Vice President Yemi Osinbajo on the imperative of replacing BVN with NIN.

Pantami argued that while BVN was only for accounts holders with various banks, the National Identity Numbers are for all Nigerians irrespective of their status.

Net/ Kupoliyi

Related Posts

Leave a Reply

Your email address will not be published.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