Borno State Governor Babagana Zulum has said only two of the 27 local government areas in the state have banking services.
The governor has directed the state Ministry of Finance and that of Higher Education, Science, Technology and Innovation to establish branches of Borno’s existing Microfinance Bank, and ICT centres across the 27 local government areas.
This is following the Central Bank of Nigeria’s 31 January deadline to phase out the old naira notes.
Mr Zulum revealed this on Wednesday in Maiduguri during an extraordinary meeting with stakeholders.
He said, “At the moment we only have two LGAs with banking services and these are Maiduguri and Biu. The distance from most of the local governments to either Maiduguri or Biu is too long.”
He said the government officials should do everything to ensure citizens’ money is not lost.
