Adamawa Govt Receives $1 million dollar Award From World Bank

By Yagana Ali Yola

Adamawa state government has received $1 million dollar awards from the World Bank for improvement in land administration system in the state

Mr. James Iliya, commissioner for information and strategy, made the disclosure, shortly after the State Executive Council (SEC), presided over by the Deputy Governor, Professor Kaletapwa Farauta , at Government House Yola.

James stated, that the award was based on improved efficiency on property registration and sustainability of the land base investment process value in the state

He added that” The award is based on new land reforms introduced by the present administration”.

Meanwhile, the SEC has approved the procurement of High Earn Scanners and Digital Digital Achieving System for the conversion of Certificate of Occupancy (C of O) from January 2012 to 31 December 2024.

The approval under the Disbursement Linked Indicator or “DLI” of the state action business enabling reform was contracted to Albashir Nigeria Limited within a three months time frame.

Also government engaged the the services of consultant, Marathon Capital Market Limited to provide business advisory services on setting up Adamawa Mortgage Bank

The project which is to be completed within 48 months is geared towards enabling people to have affordable land and houses of their own.

In August last year the government released N2.5 billion as capital base to the Central Bank of Nigeria (CBN) to revive the state homes and savings, earlier feaseled out of business due to its failure to meet up with the financial standard.