The Jigawa State Executive Council, chaired by His Excellency, the Executive Governor, Malam Umar A. Namadi FCA, has approved the commencement of the process to obtain operational licenses for five new Microfinance Banks across the state. The decision was reached during the council’s meeting held on Monday, September 22, 2025.
According to the resolution, the new Microfinance Banks will be located in Birniwa, Gujungu – Taura, Guri, Gwaram, and Kaugama Local Government Areas. The initiative is part of the administration’s 12-Point Agenda, focusing on human capital development, job creation, and economic empowerment through technical skills and vocational training.
A government statement explained that the move is designed to deepen financial inclusion in Jigawa State and expand access to credit and savings opportunities. “This initiative is part of the government’s broader strategy to expand financial access and deepen economic participation in rural and underserved communities,” the council noted.
The governor’s administration highlighted that financial inclusion remains a vital tool for poverty reduction and grassroots development. “The decision reflects the commitment of His Excellency, Malam Umar A. Namadi FCA, to promote financial inclusion as a tool for poverty reduction, local enterprise development, and grassroots economic empowerment,” the statement added.
The new institutions are expected to complement existing microfinance banks in the state. They will provide services such as savings, microcredit, and small business support, specifically targeting individuals and communities that are traditionally excluded from the formal banking system.
The council emphasized that the policy direction underlines the state government’s dedication to building a stronger economic base by empowering citizens through financial access and technical capacity.