Wasilat AzeezBabagana Zulum, Borno governor, has directed the state’s ministry of finance to hastily establish branches of Borno’s existing microfinance bank across all the 27 local government areas .also ordered the ministry of higher education, science, technology and innovation to set up ICT centres in the LGAs.The meeting had in attendance members of the Borno state house of assembly, commissioners, advisers, local government chairmen and other critical stakeholders.
“At the moment we only have two LGAs with banking services and these are Maiduguri and Biu. The distance from most of the local governments to either Maiduguri or Biu is too long,” Zulum said.“Despite a great improvement of the security in Borno, there are still challenges for banks to start operations.
“Therefore, to support our people, Borno state government has to take the risk. I have directed the ministry of finance to ensure the recapitalisation of Borno Renaissance Microfinance Bank to qualify it to have the capacity to open branches in all the 27 LGAs.Zulum also instructed the finance ministry to immediately come up with a template to organise and ensure people in rural communities deposit their old naira notes before the January 31 deadline.
Na now you wan do am, with only 4 days left?
I actually like Zulum
Shey you dey wine me ni?
Zulum 'orders' Finance Ministry to 'order' banks to open new branches in Borno.... Really.....hmmmm is that how things work..
To fa!! Who will manage the new bank branches? I believe Governor Zulum can answer this question.
Pls what's really wrong with some oloribu North people na. So since them change note now na for FG to start building new banks for bono,bipe èti yawere abi sir.
Within how many days
Govt create abi build bank? How things work up there is truly remarkable
Oky sir, Mr president has spoken.