The Adamawa State Government has projected an additional 20 percent reduction in the poverty rate following the injection of seven billion naira into the Fintiri Business Wallet initiative in 2025. Governor Ahmadu Umaru Fintiri made this known while flagging off the 2025 third quarter disbursement of 50,000 naira to 100,000 beneficiaries under the Fintiri Business Wallet.
The event, which took place at the Banquet Hall of the Government House, Yola, marked the official launch of the 2025 last quarter disbursement of N50,000 to 100,000 small-scale business owners across the state.
The empowerment initiative by the Ahmadu Umaru Fintiri administration aims to stimulate business growth and expand economic opportunities for citizens in Adamawa. Represented by his Deputy, Professor Kaletapwa Farauta, the governor said the Fintiri Wallet is one of the key programmes designed to impact lives positively.
According to him, “This initiative is to ensure that the economy of the state continues to thrive and that the living standard of our people improves.”
Governor Fintiri stated that 240,000 small-scale businesses have so far been empowered through the Fintiri Business Wallet in the last two years. He explained that previous interventions contributed to a 14 percent poverty reduction in Adamawa, moving from 74 percent to 60 percent.
The Commissioner for Entrepreneurship Development, Hammajumba Gatugel, said the N50,000 transfer to 100,000 beneficiaries marks another milestone in the economic history of the state. He commended the leadership of Governor Ahmadu Umaru Fintiri, noting that his administration continues to transform the state’s economy and other key sectors.
