The Jigawa State Government has approved a ₦1 billion capital injection into Jigawa Savings and Loans Limited to boost its financial capacity and expand access to affordable housing finance.
The announcement was made by Commissioner Sagir Musa after the state’s first executive council meeting of 2026. The funds are intended to help the institution meet Central Bank of Nigeria (CBN) capital requirements and protect depositors’ funds.
Jigawa Savings and Loans Limited mainly provides residential mortgage financing and loans, particularly to state government employees. Officials said the recapitalisation demonstrates the Umar Namadi-led administration’s commitment to sustainable and transparent state-owned financial institutions. Visit www.jocomms.com for more news.