Kano Multi-Billion Naira Exchange Market To Open In 2021
Kano Multi-Billion Naira Exchange Market To Open In 2021. The Fouder who is the accountant General to The federation (AGF) Ahmad Idris disclosed.
The market, occupying about 250 hectares, is a business hub for farmers, commodity traders, manufacturers, commodity exchange, haulage service providers and stakeholders in the agro and export value chain. It is located in Gezawa local government area, some 24 kilometers from Kano city.
Idris spoke when a delegation of Kano Concerned Citizens Initiative (KCCI), led by its Chairman, Alhaji Bashir Tofa met with him after visiting the market. Idris said he nurtured the idea of the market five years ago
with a bid to develop agricultural enterprises and other businesses.
He narrated that when he engaged consultants to conduct research in major food markets in Kano, Jigawa and other states, the outcome of the survey revealed that most of the farmers in the region do not benefit from their farm produce.
The AGF disclosed that the majority of investors in the commodity and exchange market are from southern Nigeria, as he called on northerners to come and invest in it, in order to reduce poverty in the region.
He explained that the project is at phase one stage of about
5 hectares, adding that 95 percent of its infrastructure has been completed.