7th June, 2017.
By Yunusa Abdullahi.
The Adamawa State Government is to partner with a Foreign firm "Sovereign Investment Fund " for the provision of basic social amenities to the people of the state.
The Representative of the Sovereign Investment Fund Mr Geoffrey R .Scott who stated this during a presentation to the members of the State Executive Council at the Council Chambers of the Government House, Yola.
According to Mr . Scott, SIF has already set aside Two point Eight Billion (2.8b) Dollars to provide grant meant to provide developmental projects across Adamawa state.
He explained that the State Government will injects substantial amount of money in order to actualize for the release of the funds through Mella Bank , the World largest Trust Bank.
The Representative of the Sovereign Investment Fund also explained that the Organisation in collaboration with the Federal Government Agencies such as EFCC and the CBN for the safety and transparency in the process of granting the funds.
While responding, Governor Muhammed Umar Jibrilla had appreciated the efforts of the presenters for choosing Adamawa state as one of the states to benefit from the Investment and assured that Adamawa state Government will continue to support such development for the overall progress of the people of Adamawa state.
Governor Muhammed Jibrilla also urged other investors to come and invest in the Adamawa state as the state has abandoned resources untapped.
Also in his remarks, the Secretary to the State Government Dr Umar Buba Bindir announced the constitution of a special committee headed by Governor Jibrilla, while Honourable Commissioners of Finance, Commerce, Local Government Affairs, and Attorney General and Commissioner for Justice as members and the state Accountant General will be the Secretary of the committee.