BY; Catherine Philip Jelani & Barnaba Augustine
The Adamawa State Ministry
of Finance has today being 13th of January, 2016 meets with various
financial institutions in the state.
In his welcoming address, the
Honourable Commissioner Ministry of Finance, Alh. Mamud Sali Yunusa says that
the meeting was aimed at finding solutions to improving bank services and revenue
generation in the state. He lamented over long queues witnessed at the various
financial institutions particularly the ATMs in the State Capital.
Honourable Yunusa the host, called
on them to bring in ideas and innovations that will lead to the growth of the State’s
Economy adding that the door of the
government is always opened for positive advises especially the ones they
offered to other states which improve
their economy.
In their response, the
representative of FCM Bank Mr. Lima and Mr. M. Ma’aji says that the present dwindling
revenue generation in the state has been caused by the fall in the fuel price –
below $30 per barrel – in the global market. They called on the state
government to digitalised payment of revenue in the state. “Statistic shows
that it can improve revenue generation to over 200%”.
On the issue of the poor
service delivery at the various ATM in the state capital, the financial
institutions said that the present insurgency caused the problem. They recall that
their ATMs are always working more than what they are designed to do. Full
banking services are not in place in the Northern Zone, thus the over crowd at
the ATMs in the State Capital.
On the other hand , they urged
their customers to indulge in the use of
mobile banking to transfer funds so as to ease congestion at the various ATMS
points in the State Capital.
However, Mr. A. Madugu,
Manager First Bank PLC promised that they will improve their services to help ease
the sufferings of their customers. He said, arrangements have already been made
to open their branch at Gombi Local
Government Area and other Local Government Areas affected by the insurgency.
The Financial Institutions
challenged the Government to develop small and medium scale business in order
to generate more revenue and improve the standard of living of its citizenry. The state should help them acquired
the Certificate of Occupancy as well.
The state should also provide
fire fighting materials in strategic locations – where business organization’s
are established to help in quenching any fire outbreak.
The government should also
structure business organizations for instance, those that are selling highly inflammable
goods like fuel should not be in one place with those selling goods that can be
easily catch fire.
The Honourable
Commissioner of Finance Alh. Mamood Sali Yunusa admonished the financial
institutions to improve their services and that
Government will always partner with them in
the task of improving the economy of the state he added.
He further admonished them
to help the government in the development of infrastructural facilities in the state.
The Honourable Commissioner of Finance Alh. Mamood Sali Yunusa was in the company the Permanent
Secretary Ministry of Finance Ms. Janet Eric, Deputy Permanent Secretary Ministry
of Finance Alh. Ahmadu Bagi, Adamawa State
Accountant General Mrs Augustina Wandamihya, Accrington Director of Finance
Mrs Ruth and other senior officers of the ministry.
Mr. Aminu Tukur, the Business
Manager of Skye Bank delivered a vote of thanks on behalf of the institutions.
He thanked the Ministry of Finance for organising the meeting and assured the
Ministry of their full support in the development of the State Economy.
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