Governor Nyako also received an award for best governor by an Abuja based Agriculture firm.
The Adamawa Government on Tuesday received $ 6.2 million (N992 million), representing its savings under the Sovereign Wealth Fund.
The 21 local government councils in the state also received $4.8 million (N768 million) to be shared among them.
The Sovereign Wealth Fund is a vehicle through which excess revenue from the sale of crude oil is saved abroad.
Receiving certificates for the two amounts in Yola, Governor Murtala Nyako of Adamawa said that the introduction of the fund was laudable as it would enhance development.
He said that Germany introduced a similar fund 40 years ago “and it helped greatly in the nation’s transformation”.
Mr. Nyako received the certificates from the Commissioner of Finance, Ibrahim Buba and Commissioner for Local Government, Salihu Bakari, respectively.
He said that his administration was committed to the development of the state.
According to him, the government will continue to seek ways of accessing funds to provide essential infrastructure in the state.
“It is not collecting loans that matter, but utilising it for maximum benefit of the present and future generations,’’ he said.
The ceremony also featured the presentation of the certificate of best governor of the year in agriculture to Mr. Nyako by an Abuja based agriculture firm.
Abba Gambo, the Chairman of the firm, Royale Criterion Consult, said the award was in recognition of the transformation of the agriculture sector in the state.
Mr. Gambo said that the sector had recorded “manifold yields in both crops and livestock in 2013.”
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...