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Real Reasons FG Is Replacing BVN, Others With NIN by ijustdey: 8:03pm On Feb 10, 2021
Aside from BVN, there are other key data systems in Nigeria....

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).

Daily Trust’s Business correspondents, in this explainer, further reports 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.

For instance, BVN is only for those with active bank accounts, International Passport is often done by people who may have the need or opportunity to travel abroad, drivers licence works for those who have attained the 18-year for driving and are duly certified and fit for driving, while TIN is for those who are in the working-age and eligible to pay tax – Pay As You Earn (PAYE).

Countries in Asia, Europe and even the United States practice a central national identity system that tracks residents in a country.

The NIMC’s database is the primary one in the country that every institution should make reference to.

Another reason for prioritising NIMC is due to the insecurity issues in Nigeria.

Pantami said, with NIMC’s database, the level of security is 99.9 percent which is further guaranteed by the Nigeria Data Protection Regulation to guarantee safety of all data collected in the country.

Currently, NIN has been harmonised with the BVN of customers by most of the banks, the process is still on to integrate SIM cards with NIN by the telecommunication companies.

The NIN has been integrated as a central identity number in new international passports.

In December, FRSC rolled out its enforcement of NIN first before drivers licence, meaning you cannot get a new licence and renew one if you have no NIN.

https://dailytrust.com/explainer-real-reasons-fg-is-replacing-bvn-others-with-nin

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Re: Real Reasons FG Is Replacing BVN, Others With NIN by jlinkd78(m): 8:07pm On Feb 10, 2021
Noted
Re: Real Reasons FG Is Replacing BVN, Others With NIN by Nephilim: 8:08pm On Feb 10, 2021
Okays Tokays
Well noted!

1 Like

Re: Real Reasons FG Is Replacing BVN, Others With NIN by Racoon(m): 8:09pm On Feb 10, 2021
So,why have they been disturbing the peace of Nigerians with collecting information up & down but doing nothing with it? Why not just synchronise the data on the Voter's card, Driver License, International passport, Professional licenses into one national identity data base?

We know they will never do that because they're selective about what they will use the information for but how many years will it take them to do that? A bunch of confused incompetent people in govt

238 Likes 16 Shares

Re: Real Reasons FG Is Replacing BVN, Others With NIN by ohigus(m): 8:09pm On Feb 10, 2021
9ja our land.
Re: Real Reasons FG Is Replacing BVN, Others With NIN by Rugaria: 8:14pm On Feb 10, 2021
Story! They want to do a real comprehensive national identification system with serious database without making everything so open. They don't want that to be used both for census and elections since that will open their nyansh.. but will like that to be used for security checks and citizen monitoring.

100 Likes 8 Shares

Re: Real Reasons FG Is Replacing BVN, Others With NIN by arsenal444(m): 8:21pm On Feb 10, 2021
Dem go bypass am, nor be Nigeria again?

4 Likes 3 Shares

Re: Real Reasons FG Is Replacing BVN, Others With NIN by udoka2013: 8:27pm On Feb 10, 2021
Hmm! Nigeria with one policy today and another tomorrow,cancel them day after, all just to siphon money. May God help this country.

8 Likes

Re: Real Reasons FG Is Replacing BVN, Others With NIN by W0mbRaider: 8:53pm On Feb 10, 2021
Ministers and appointees of this satanic Buhari govt plus their demonic brethren lounging at the NASS are all scrambling to sell Nigerians and Nigeria to the NWO .


The African slave trade era be it that of the Trans Sahara or that of the Atlantic could not have happened without the connivance of Africans themselves hence the appropriate term African Slave Trade.

Just like those inglorious dark years, in today's world Africans are jostling to sell not 9nly their sovereignty and wealth for pittence but they also have put forward their own people once again you for sale.

The Nigger is a demon.

12 Likes 3 Shares

Re: Real Reasons FG Is Replacing BVN, Others With NIN by Marli6: 9:21pm On Feb 10, 2021
FG is soooooo dumb

14 Likes 3 Shares

Re: Real Reasons FG Is Replacing BVN, Others With NIN by Lanretoye(m): 9:29pm On Feb 10, 2021
all cows in the North too already have nin cos 1 cow is equivalent to 100 people

6 Likes

Re: Real Reasons FG Is Replacing BVN, Others With NIN by KingLennon(m): 9:42pm On Feb 10, 2021
Why didn't we use the BVN in place of the NIN? Look at the stress people go through just to register and many can't still register.

Everything in Nigeria is stress....

8 Likes 3 Shares

Re: Real Reasons FG Is Replacing BVN, Others With NIN by RRodwave(m): 9:42pm On Feb 10, 2021
Ok
Re: Real Reasons FG Is Replacing BVN, Others With NIN by samwillyco1(m): 9:42pm On Feb 10, 2021
This people are all confused set of people, upon all the problems in Nigeria, they want to replace BVN with strong security against hackers, with NIN with Zero security.

Another reason they want to replace it with NIN Is so that all their illegal transactions/looting will not be traced .

12 Likes

Re: Real Reasons FG Is Replacing BVN, Others With NIN by GIANTPLUSHUB: 9:42pm On Feb 10, 2021
Okay ooo
Re: Real Reasons FG Is Replacing BVN, Others With NIN by Evilgenuis: 9:43pm On Feb 10, 2021
It's very simple make them think in one direction while you attack from the other side.
Watch as bitterness will start registering cow and goat for nin

1 Like

Re: Real Reasons FG Is Replacing BVN, Others With NIN by obi4eze(m): 9:43pm On Feb 10, 2021
Lies.


They want to use it to track and forestall any future protest against their government. Other countries do it to give funds to the masses but ours is to trample on the civil rights of citizens seeking for a change.

11 Likes 1 Share

Re: Real Reasons FG Is Replacing BVN, Others With NIN by LoneWolf200(m): 9:43pm On Feb 10, 2021
Bleep dem all, buy this domain doghealthexpert.com at a cheap price
Re: Real Reasons FG Is Replacing BVN, Others With NIN by TGM2015: 9:44pm On Feb 10, 2021
Okay ooo but there is nothing the new NIN can do that the old National Identity Card database cannot be modified to do.

Now that the old card has been outlawed, the process of getting the new national identity number should be made easier than creating unnecessary bottlenecks giving room to extortion and enhance the spread of Coronavirus.

5 Likes 2 Shares

Re: Real Reasons FG Is Replacing BVN, Others With NIN by commodore007: 9:44pm On Feb 10, 2021
Africa does not really care ,about data or statistics, decisions by its leaders has always been based on sentiments and Nepotism.Here a comes a new a government with a new directive ,when another Government comes tommorow they would also come with a new policy direction...No man wants to build on the foundation of another.

1 Like

Re: Real Reasons FG Is Replacing BVN, Others With NIN by shiki(m): 9:44pm On Feb 10, 2021
Now they remember that BVN is just a bank policy. No wahala
Re: Real Reasons FG Is Replacing BVN, Others With NIN by bigdammyj: 9:44pm On Feb 10, 2021
Noted
Re: Real Reasons FG Is Replacing BVN, Others With NIN by geendi(f): 9:45pm On Feb 10, 2021
How is BVN not mandated by the government?
Was it not the same government that mandated all those banks to
ensure that every account they have is linked to a BVN?

6 Likes 1 Share

Re: Real Reasons FG Is Replacing BVN, Others With NIN by FastLane25(m): 9:45pm On Feb 10, 2021
is that all??
Re: Real Reasons FG Is Replacing BVN, Others With NIN by davillian(m): 9:45pm On Feb 10, 2021
Thier cup of tea
Re: Real Reasons FG Is Replacing BVN, Others With NIN by MrBONE2(m): 9:46pm On Feb 10, 2021
grin

1 Like

Re: Real Reasons FG Is Replacing BVN, Others With NIN by fitinwell: 9:46pm On Feb 10, 2021
Confused Generation...and Government..
Re: Real Reasons FG Is Replacing BVN, Others With NIN by cardoctor(m): 9:47pm On Feb 10, 2021
Our neighbors from all the surrounding countries can now claim to be Nigerian.

9 Likes

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