The Jigawa State executive council, has approved the release of over N600 million, as its minimum periodic contribution towards revamping the economy of the northern part of the country, as agreed by the governors forum of the region.
The State’s commissioner for information, Bala Ibrahim, who spoke on behalf of Governor Badaru Abubakar, revealed this while briefing newsmen on the outcome of the State executive council meeting.
He said the council approved the release of N50 million monthly, for the period of 12 months starting from january 2017.
According to him, the State is ever ready to support any resolution signed by the northern governors forum that has the potentials to improve peace, unity and economic development of the region.
Bala explained that during its last meeting in Kaduna, the forum agreed to raise money, through monthly contribution from their respective States with the aim of establishing an integrated financial institute to cater for the needs of the region.
Northern governors forum made a resolution to create an economic structure and fund, that would enable the States to establish financial institutions to cater for the interest of the States and assisting the region in charting its economic destiny.
“It is against this background that the council approved the payment of N50,000,000.00 only each month beginning from January, 2017, as part of the agreed minimum monthly contribution by each of the 19 Northern States, to an account to be created by the forum.
powered by sue.ng a legal search engine