Fintiri Dissolves Adamawa Investment Board, Moves To Strengthen Investment Drive

The Governor of Adamawa State, Ahmadu Umaru Fintiri, has approved the dissolution of the Board and Management of the Adamawa State Investment and Property Development Company Limited as part of a broader strategy aimed at consolidating and attracting investment into the state.

The move, according to the government, is designed to reposition the state’s investment architecture by streamlining institutional coordination, eliminating administrative bottlenecks, and creating a more investor-friendly environment capable of competing for both local and foreign direct investment.

As part of the strategy for consolidation and enhanced investment attraction, the state government is seeking to harmonize its investment promotion efforts under a more coordinated framework that aligns policy direction with implementation efficiency.

Following the dissolution, Governor Fintiri directed that the Executive Secretary of the Adamawa Investment Promotion Development Agency, Halilu Malabu, should oversee the affairs of the company in a caretaker capacity pending the appointment of a new Board and Management.

The governor further instructed the dissolved board to hand over to the caretaker, who will exercise the full functions of the board until it is duly reconstituted.

The development is expected to strengthen institutional effectiveness, improve investor confidence, and accelerate the state’s economic development agenda.