The state coordinator, National Youth Entrepreneurs Yobe State chapter, Alhaji Adamu Talio has described the 35% discount on shops and stalls in the newly constructed markets by the state government, as a move towards improving business activities across the state.
Talio who was speaking on the discount, said the construction of modern markets and the shop discount has clearly demonstrated the readiness of the Buni administration towards revamping economic activities across the state.
The coordinator said for businesses to prosper, there must be a market with standard shops and stalls, hence the discount will facilitate petty businesses among other entrepreneurial activities for years to come.
“You see, the market is everything for a businessman. This is what makes Kano great in the entire northern part of the country.
“Apart from the discount which is key in the improvement of business activities, the construction of these markets by His Excellency will not only rejuvenate business activities in the short or medium but in the long term.
“Look at Monday market in Maiduguri, when the shops were constructed many thought it was not a wise decision then but go and see for yourself the level of business activities there.
“Our members rely on the market for their day to day living and you can imagine the number of lives this discount will touch,” Talio emphasized.
He called on the people to continue to support the transformation of the agenda of the Buni administration adding that with improved economy, youth restiveness among other social vices will be a thing of the past in the society.
Governor Buni had in a statement issued by his director general Press Affairs and Media Mamman Mohammed last week approved a 35% subsidy on rates of shops in the newly commissioned Modern Markets to boost business activities.
The governor said the reduction in prices of the shops became necessary so as to support and encourage traders to operate in the new markets for business to thrive.
The Ground Floor Prime View Double with an initial price tag of N468, 000.00 for rent per annum, is now reduced to N304, 200.00 while, the Ground Floor Prime View Single initially put at N390, 000.00 is now to be given out at N253, 500.00 per annum
Similarly, the Ground Floor Prime View with two faces that was to attract N442, 000.00, is now to cost N287, 300.00 per annum, and Ground Floor others Double put at N390, 000.00 is now reduced to N253, 500.00.
The Ground Floor Others Single initially with a rent tag of N325, 000.00 will now be paid for N211, 250.00 as annual rate, and Ground Floor others two face is to attract N253, 500.00 against the initial price of N390, 000.00
The Upstairs Prime View Double has been reduced to N253, 500.00 against the former rate of N390, 000.00 while, Upstairs Prime View Single will now cost N211, 250.00 against N325, 000.00 fixed earlier.
The upstairs Prime View two face now costs N236, 600.00 and the Upstairs others Double is pegged at N169, 000.00 While Upstairs others Single is now to attract N152, 100.00 as per annum.
The two face upstairs, others earlier approved for N260, 000.00 is now to be rented out at N169, 000.00, while Block B Standard now attracts N211, 250.00 against N325, 000.00 as annual rent.
Block B Regular will be given out for N185, 900.00 against N286, 000.00 while Block C now goes for N211, 250.00 against N325, 000.00, and the Meat Shop Slabs goes for N105, 625.00 against the initial rate of N162, 500.00.
Similarly, the Outdoor Fish Stalls have been reduced to N67, 600.00 against the initial rate of N104, 000.00
and the open Stalls now attract N84, 500.00 against N130, 000.00.
The Large Warehouses that were fixed for N650,0 00.00 are now to be given out for N442, 500.00 and the Refuse Dump Sites are now N84,500.00 against N130, 000.00.
The reduction in the rent prices is to make the shops and stalls in the market affordable to traders for a conducive business environment that would move with the changing times.
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