Addressing attendees at the government house in Yola, Governor Fintiri conveyed his sincere appreciation to the members of the State House of Assembly for the expeditious passage of the budget. He pledged to maintain the cordial relationship between the Executive and the Legislature, emphasizing that his administration remains dedicated to serving the people.
Governor Fintiri assured the public that the budget, tagged as the ‘Budget of Reengineering,’ is meticulously structured to ensure equitable development across all local government areas. He announced that each local government area is slated to receive projects valued at a minimum of N1 billion, reflecting a commitment to regional development and inclusivity.
The 2024 budget estimate, totaling N225.8 billion, is divided into two main categories. Recurrent services account for N111.3 billion, representing 49.3%, while N114.5 billion, representing 50.7%, is allocated to cover capital expenditure. Governor Fintiri reiterated his commitment to diligently implement the budget, building upon the solid foundation laid in the preceding four years.
Key figures present during the brief yet significant budget signing ceremony included Deputy Governor Kaletapwa Farauta, Speaker Wesley Bathiya, several members of the Legislature, and commissioners. The comprehensive attendance underscored the collaborative approach between the executive and legislative branches in driving the state’s developmental agenda.
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In a decisive move towards fostering economic growth and attracting substantial investments, the Adamawa State Government has inaugurated a 20-man committee for the State Action On Business Enabling Reforms (SABER).
This groundbreaking initiative, supported by a 750 million dollar World Bank intervention, signifies a strategic commitment to transforming the economic landscape of the state.
Key Highlights of the Initiative:
Committee Inauguration:
The 20-man committee, comprising experts and stakeholders from various sectors, has been entrusted with the crucial responsibility of spearheading the implementation of business-enabling reforms.
This diverse team brings together a wealth of knowledge and experience to ensure a comprehensive and inclusive approach to economic revitalization.
World Bank Intervention:
The significant backing from the World Bank, amounting to 750 million dollars, underscores the international community’s confidence in Adamawa State’s potential for sustainable economic development. This substantial financial support serves as a catalyst for the implementation of transformative reforms.
Focused Goals:
The primary aim of the SABER initiative is to create an environment conducive to business growth and investment. By streamlining regulatory processes, reducing bureaucratic hurdles, and enhancing the overall ease of doing business, Adamawa State aspires to attract investments that will catalyze economic activities across various sectors.
In summary, the inauguration of the SABER committee marks a pivotal moment in Adamawa State’s journey towards economic prosperity. With the robust support of the World Bank and a strategic vision, the state is poised to undergo transformative reforms that will not only attract significant investments but also lay the foundation for sustained economic growth and development.
During the event, the governor emphasized the importance of a positive and innovative mindset among the new members of the state’s Executive Council. He urged them to approach their roles with a winning attitude and deep insight in dealing with various situations.
Governor Fintiri reminded the newly appointed commissioners that the essence of good governance lies in dedicated service to the people, where trust is held as sacred. He underscored the need for them to prioritize the welfare of the citizens, ensuring that the benefits of democracy reach every corner of the state.
Emphasizing the concept of value addition, the governor stressed that the new council must enhance the art of governance in the state. He acknowledged the challenges ahead, including potential misrepresentation and attempts to undermine their efforts. However, he reassured the commissioners of his unwavering support and urged them to confront their responsibilities with determination and resilience.
Governor Fintiri extended his best wishes to the new appointees, expressing hope for a successful tenure. He offered prayers for them to receive the guidance, wisdom, and courage necessary to make righteous decisions throughout their service to the people of Adamawa State.
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