Adamawa State government has paid 2.5 billion naira to the Central Bank to revive its homes and savings scheme previously closed for it’s inability to meet CBN’s financial standing.
Commissioner for Information and Strategy, James Iliya, disclosed this shortly after the 16th state Executive Council meeting presided over by the state Deputy Governor, Professor Kaletapwa George Farauta, held on Friday at the council chambers government house Yola.
He revealed that the council has approved the purchase of advanced scanners and a digital archiving system, noting that the aim is to convert certificates of occupancy from January 2012 to December 2024.
According to him, the project is part of the state’s efforts to improve business operations and will be completed within three months.
He also said that Adamawa State Government has received a prestigious award for its efforts in enhancing property registration and ensuring sustainable land based investment processes.
The commissioner noted that the recognition comes with a one million dollar grant from the World Bank, highlighting the state’s capacity to improve its land use systems.
The commissioner explained that the program aims to digitalize land processes in the state, adding that the move is expected to boost efficiency and eliminate the problem of duplication of Certificates of Occupancy.
In addition, Chief Joab Sahma, Commissioner for Land and Survey, highlighted that the award was a direct result of the new land reforms initiated by Governor Fintiri which have significantly improved the challenges in land administration, paving way for more efficient system.
The Commissioner for Housing and Urban Development, Abdullahi Prambe, said that paying the capital base has helped to restore and rename the homes and savings as “Adamawa State Mortgage Bank.”
He stated that the effort to provide affordable housing for the people of Adamawa will be accelerated, saying the aim is to address the housing shortage by offering homes at lower prices through the Adamawa Mortgage Bank, helping more residents secure a place to live.
The council underscored the importance of revoking undeveloped lands across the state, even as they extend deep condolences to the family of late Senator Jonathan Zwingina.
–By Sammeni Kamsobbi
