June 25, 2017

AMAC to float radio station, micro finance bank

By Grace Udofia
Abuja- In a bid to make its voice heard and provide an affordable banking platform for its residents, the Abuja Municipal Area Council, AMAC, plans to set up a state radio station and a micro finance bank.

The Chairman of AMAC, Abdullahi Adamu Candido, who disclosed this while inaugurating committees to plan for the projects, explained that they were meant to give the council new revenue sources and improve its communication system with the people.

The Chairman said, “It is imperative for AMAC to have strong institutions to enable it to confront the challenges facing the council.

“The bank would empower the residents and also employ some youths while the community radio would ensure that the rural communities and stakeholders are integrated into the plan of the council.

“The council targets between four and 12 months to have these two outfits on ground.

“Both committees have terms of reference to put in place necessary machinery in motion for the take- off of the micro finance bank and the community radio within the shortest possible time.

“The terms include liaising with relevant regulatory bodies to fully register both outfits and to identify a willing investor that will partner with the council to inject the required funds needed for the take-off of each outfit,” he said.

The chairman however called on AMAC residents to have faith in his administration as the creation of the radio station and micro finance bank would not only bring development to the council but would be of benefits to residents individually.

In his response, Chairman of the implementation committee for the establishment of the community radio, Dr. Samson Shu’aibu, former DG, FRCN, commended the chairman saying the move would ensure that he left behind a legacy.