The Minister of Communications, Isa Pantami has revealed the Federal Government plans to replace the Bank Verification Number, BVN, with the National Identity Number, NIN.
Pantai said the plan is in collaboration with the Central Bank of Nigeria, CBN.
He disclosed this when he led a delegation of chief executive officers on a visit to Mobile Network Operators (MNOs) and a private enrolling centre in Abuja.
He said “BVN is a policy of a bank and has not been established by law. The NIMC Act 2007 provides that all our citizens must enroll and the law gives them 60 days to enroll from the time the law was enacted and a maximum of 180 days.
“All permanent residents in the country and legal residents that have to stay here for a minimum of 24 months must enroll so that the primary identification of all and all other databases are supposed to utilise this and not for NIN to utilise the BVN because it is the primary one.
Read Also: Lagos state faces environmental degradation from Fiber cable installations
“Some of the challenges encountered, NIMC produced the template for registering citizens in passport, BVN and others but some institutions did not comply with the requirements. Even in biometrics, some will just take four, some two, so you cannot harmonise without upgrading and integrating the system.”