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Zulum Launches Rayyan Microfinance Bank to Boost Ethical Financing in Borno

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Zulum unveils 20 electric-powered buses for Borno commuters

Zulum Launches Rayyan Microfinance Bank to Boost Ethical Financing in Borno

By Tada Jutha, Maiduguri

Borno State Governor Babagana Umara Zulum has launched the Rayyan Microfinance Bank (RMFB), a digital and ethical-compliant financial institution designed to expand access to non-interest financing for residents of the state.

The unveiling ceremony took place on Sunday at Forshams’ Hall in Maiduguri, where the governor described the bank as a major step toward rebuilding livelihoods affected by years of insurgency.

Zulum noted that the bank’s model offers a wide range of financial solutions tailored to individuals, entrepreneurs, and organisations seeking non-interest loan schemes and other inclusive banking services.

“The Microfinance Bank is a critical tool for building resilience and fostering self-reliance among the people of Borno State,” he said.

He stressing that the institution will help revive businesses and provide a financial backbone for communities recovering from the 16-year Boko Haram conflict.

Beyond offering interest-free loans, RMFB is expected to promote financial inclusion through small credit schemes, savings platforms, and insurance options for low-income earners often excluded from traditional banking.

Zulum lamented the financial limitations faced by vulnerable groups, stating that many Nigerians still struggle to meet conditions set by conventional banks.

He also commended the management of Rayyan Microfinance Bank for what he described as visionary leadership, pledging full government support for the growth of ethical banking in the state.

“Under my leadership, government will partner with you to promote the ideals of non-interest banking, which are important to our economy,” he assured.

As a show of confidence, the governor directed the Borno State Ministry of Finance to immediately open an official account with the newly launched bank.

He further urged residents, cooperatives, traders and private enterprises to embrace RMFB’s services to grow their businesses, create jobs, and support the state’s broader economic recovery.

Banking experts at the event highlighted the rising prospects of ethical and non-interest finance in Nigeria, noting its potential to drive inclusive growth, support ethical investments and unlock new opportunities for small and medium businesses.

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Zulum Applauds Tinubu, Ribadu, Security Forces as 434 Ngoshe Abductees Regain Freedom

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Zulum Applauds Tinubu, Ribadu, Security Forces as 434 Ngoshe Abductees Regain Freedom

Zulum Applauds Tinubu, Ribadu, Security Forces as 434 Ngoshe Abductees Regain Freedom

By Tada Jutha, Maiduguri

Borno State Governor Prof. Babagana Umara Zulum has commended President Bola Ahmed Tinubu, National Security Adviser Mallam Nuhu Ribadu, the Nigerian Armed Forces, and other security stakeholders for their efforts in securing the release of 434 residents of the Ngoshe community who were abducted by Boko Haram insurgents earlier this year.

The governor gave the commendation on Monday in Pulka while receiving a fresh batch of 357 freed captives. He disclosed that dozens of other victims had earlier regained their freedom in separate releases, bringing the total number of rescued persons to 434.

The victims were kidnapped during a Boko Haram attack on Ngoshe, a community in Gwoza Local Government Area located near the Mandara Mountains along Nigeria’s border region.

Zulum praised President Tinubu for his commitment to restoring peace and security in the North-East, noting that the president’s direct involvement played a significant role in facilitating the release of the captives.

According to the governor, the federal government’s determination to tackle insecurity has continued to yield positive results across the country.

“I wish to sincerely thank the President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu, for his unwavering support and dedication to ensuring peace and stability in Borno State and Nigeria as a whole,” Zulum said.

He also acknowledged the contributions of the Office of the National Security Adviser, the Department of State Services (DSS), the military, and local security volunteers, including the Civilian Joint Task Force (CJTF), hunters, vigilantes, and forest guards.

The governor described the operation as a product of strong collaboration among security agencies and community-based security groups working towards the safe return of the abducted men, women, and children.

Explaining the figures, Zulum said the latest group of freed captives accounted for about 357 persons, while others had been released in smaller batches over the past weeks and months.

“We are celebrating with the people of Ngoshe over the return of about 434 abducted residents. The group that was received today constitutes the largest batch, while others had regained their freedom earlier, bringing the total number to 434, he stated.

The governor further revealed that the state government had committed substantial resources to rebuilding the Ngoshe community and creating conditions for the safe return of displaced residents.

He said rehabilitation projects in the area were nearing completion and that discussions were ongoing with community members and security authorities to facilitate a secure and dignified resettlement process.

As part of immediate support measures, Zulum directed the distribution of food supplies and other relief materials to the rescued victims.

He added that the returnees are currently undergoing medical examinations and psychosocial care at a government facility before being reunited with their families and communities.

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Zulum Moves to Complete Legacy Projects

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Zulum Moves to Complete Legacy Projects

Zulum Moves to Complete Legacy Projects

By Tada Jutha, Maiduguri

Borno State Governor, Babagana Umara Zulum, has intensified efforts to ensure the completion of major infrastructure and social development projects across the state before the expiration of his tenure in May 2027.

The governor has embarked on a comprehensive inspection tour of ongoing projects in Maiduguri and several local government areas, directing contractors to accelerate work and meet delivery timelines.

Among the projects receiving attention are the Kashim Ibrahim University Teaching Hospital, Borno State Orthopaedic Hospital, General Hospital Kaleri, the Post Office Flyover, Tashan Kano–Mashidimami Express Road, the 4,000-capacity International Conference Centre, and the Tandari–Nietel Shoe Factory Express Road.

The inspection exercise continued over the weekend with visits to Kukawa and Monguno local government areas.

In Monguno, Governor Zulum assessed the expansion of the College of Nursing, a project aimed at increasing the state’s capacity to train healthcare professionals and address shortages in the health sector.

Addressing journalists after the inspection, the governor said his administration remains committed to delivering projects that would have lasting benefits for the people of Borno.

He noted that completing ongoing projects and putting them to use before the end of his tenure remains a top priority.

Zulum also inspected construction work at the Monguno Central Market, where new shops are being built to stimulate commercial activities and improve livelihoods. He further disclosed plans by the state government to facilitate the reopening of Government Senior Science Secondary School, Monguno.

Speaking during the visit, the Senator representing Borno North and Senate Chief Whip, Mohammed Tahir Monguno, commended the governor for executing numerous development projects across northern Borno.

According to the senator, the projects have improved access to essential services and brought relief to communities recovering from years of insurgency.

He said the interventions have delivered tangible benefits to residents and contributed to rebuilding lives and livelihoods affected by the Boko Haram conflict.

Governor Zulum’s inspection tour is widely viewed as part of his administration’s drive to consolidate its development achievements and ensure that critical projects are completed and fully operational before he leaves office in 2027.

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Zulum’s Assurance Secures Maiduguri 2026 NSE Conference Hosting Rights

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Zulum’s Assurance Secures Maiduguri 2026 NSE Conference Hosting Rights

By Tada Jutha, Maiduguri

Borno State Governor, Babagana Umara Zulum, has officially received the hosting rights for the 2026 Nigerian Society of Engineers (NSE) International Engineering Conference, Exhibition and Annual General Meeting (AGM), which is scheduled to hold in December in Maiduguri.

On Tuesday, the NSE President, Engr. Ali Alimasuya Rabiu, made the presentation. Ali Alimasuya Rabiu made the presentation during a dinner that Governor Zulum organised in honour of the visiting NSE leadership.

The high-profile conference, tagged “Maiduguri 2026,” is themed “Engineering Innovations for Enhanced Security and Sustainable National Development” and is expected to attract about 10,000 engineers, experts, and stakeholders from across Nigeria and beyond.

Speaking earlier during a courtesy visit by the NSE delegation, Governor Zulum assured the body that Maiduguri remains safe and fully prepared to host the international gathering, dismissing concerns over security in the state.

He noted that Borno State has successfully hosted several major national and international events in recent years without any incident, citing conferences and cultural gatherings as evidence of improved stability.

“In 2025, Maiduguri hosted several national and international events including the National Council on Power, National Council on Education, Kanem-Borno Cultural Summit, Qur’anic Recitation Competition, and the National Council on Health, among others,” the governor said.

According to him, the successful hosting of such events demonstrates that “Maiduguri is secure and ready,” while also highlighting the state’s reputation for hospitality.

Governor Zulum also expressed appreciation over the NSE’s decision to confer honorary fellowship on prominent businessman and philanthropist Dr. Muhammadu Indimi, describing the recognition as “well deserved” and long overdue in view of his contributions to education and infrastructure development in Nigeria.

Responding, NSE President Engr. Ali Alimasuya Rabiu commended the Borno State Government for its sustained efforts in improving security and rebuilding confidence in the state.

He said the Society was impressed by the relative peace currently enjoyed in Maiduguri and across Borno, adding that the environment assured a successful conference.

Rabiu further disclosed that the NSE Council would hold a preparatory meeting in Maiduguri in July to assess security arrangements and confirm readiness ahead of the December event.

“We have consistently received positive reports about events held in Maiduguri without security incidents,” he said, expressing optimism that the 2026 conference would be peaceful and successful.

The courtesy visit was attended by the Deputy Governor, Umar Usman Kadafur; Secretary to the State Government, Hon. Bukar Tijani; Acting Chief of Staff, Dr Babagana Mustapha Mallumbe; top government officials; and members of the NSE delegation.

The 2026 NSE conference will further position Borno State as a growing hub for national dialogue, professional exchange, and post-conflict development in Nigeria.

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