The Adamawa State Government has projected an additional 20 per cent reduction in the state’s poverty rate following the injection of ₦7 billion into the Fintiri Business Wallet initiative in 2025.
Governor Ahmadu Umaru Fintiri disclosed this while flagging off the 2025 third-quarter disbursement of ₦50,000 each to 100,000 beneficiaries under the Fintiri Business Wallet scheme. The event also marked the official launch of the 2025 last-quarter disbursement of the empowerment programme.
The ceremony was held at the Banquet Hall, Government House, Yola, with beneficiaries drawn from small-scale business owners across the state.
The empowerment initiative, introduced by the Fintiri administration, is aimed at stimulating business growth, expanding economic opportunities, and improving the livelihoods of citizens in Adamawa State.
Speaking through his deputy, Professor Kaletapwa Farauta, Governor Fintiri said the Fintiri Business Wallet is one of the key programmes designed to directly impact the lives of the people, stressing that his administration remains committed to sustaining and expanding the initiative.
According to the governor, the programme is structured to ensure continued economic growth in the state and improve the living standards of the populace.
Governor Fintiri revealed that over 240,000 small-scale businesses have been empowered through the Fintiri Business Wallet in the last two years, adding that previous interventions have contributed to a 14 per cent reduction in poverty in Adamawa State, from 74 per cent to 60 per cent.
In his remarks, the Commissioner for Entrepreneurship Development, Hammajumba Gatugel, described the ₦50,000 transfer to 100,000 beneficiaries as another milestone in the economic history of the state.
He commended Governor Fintiri’s leadership, noting that his policies and programmes have continued to drive economic growth and positively impact various sectors of human endeavour in Adamawa State.
