I Will Transform The Socio-Economic Lives Of My People—Gov.Bindow
Governor Muhammadu Umaru Jibrilla,of Adamawa State,has declared that he will transform the socioeconomic status of Adamawa people through government- community participation.
He vowed to revamp the economy activities of every community that will cause greater development and transformation of the state,as it is most paramount,without which nothing meaningful could be achieved
The governor,said this when he graced the official commissioning of the corporate head office of BONGHE Microfinance Bank Nig.Ltd,Numan,Adamawa State,lauded the community initiative of Bachama Chiefdom,comprising of Numan and Lamurde Local Government Areas of the state for establishing the bank for the economic growth of the community.
While appealing to other communities in the state to emulate the initiative of Bachama Chiefdom,Governor Jibrilla,declared that his government is ready to partner with the toward the socioeconomic development and growth of their respective communities,in particular and the state in general.
The Chairman of the Micro finance, Chief L.D Nzadon,also lauded the cooperation and support accorded to the initiators by the community which has resulted to the success story of Bonghe bank which graduated from a community to Micro finance bank.
He disclosed that the bank was the first to become the first and only micro finance bank in Adamawa State to access CBN N220million for Small and Medium scale enterprises fund in November 2014 and April 2015.
According to him,the bank,which had existed since 1992, has with the cooperation of the community been able to meet the guidelines and conditions of the Central Bank of Nigeria,CBN,for the establishment of micro finance bank in Nigeria.
The bank,which was then known as Numan Community Bank Ltd,he said was one of the first five community banks in the country to satisfy the conditions ,and its application was given provisional approval in February 2007 and final approval to operate as Micro finance bank in September,2007 .
Adding,"since its conversion,the bank had continued to exhibit strong resilience to tough challenges which include economic ,social and religious disturbances .This is in addition to climatic conditions like excessive rains that brought about floods and strong harmattan."
He said the bank,was able to weather other socioeconomic and cultural storms,which included increased banditry and community clashes,invasion of harmful insects and birds which destroyed agricultural products and the negative effects of insurgency.