Yobe Traders to Pay 35% Less on Shops in 5 Newly Commissioned Ultramodern Markets – Gov. Buni
By Abdulkareem Haruna
It’s yet another happy moment for the people of Yobe state, Northeast Nigeria, when the state Governor, Mai Mala Buni, announced a 35 per cent discount for renting the shops in each of the five newly completed market complexes across the state.
The five markets located in Damaturu, Potiskum, Geidam, Gashua and Nguru have a total of 2500 shops built at the cost of 12.8 billion nairas.
The governor said making renting of the shop affordable will ease the cost of businesses and increase productivity among local traders.
Unveiling the subsidized rents on shops at a brief ceremony held on Wednesday in Damaturu, the governor said, “the 35 per cent subsidy followed the initially approved annual rents on shops, as recommended in the report of the Committee on the allocation of shops to traders and other businessmen and women in the state.”
“Their business could also thrive competitively at the completed five markets across the state,” he noted.
“The ground floor Prime View Double (PVD) shop, with an initial price of N468,000 rent per annum, is now reduced to N304, 200.
“The ground floor Prime View Single (PVS), initially at N390 000, is now to be rented out at N253, 500 a year.”
Besides, he added that the ground floor prime view with two faces to earn N442, 000 is now to be rented at N287, 300.00 per annum, while the ground floor shops and other doubles for N390, 000.00 is reduced to N253, 500.
“The ground floor single shops initially with an annual rent of N325 000 will now be slashed to N211, 250, while the ground floor shops with two faces are to attract N253, 500, as against the initial price of N390, 000.
For the shops upstairs, the governor disclosed that PVD had been reduced to N253, 500.00, as against the former rate of N390, 000 per annum.
The upstairs PVS will now cost N211, 250 against the initial fixed rent of N325, 000.
The upstairs prime view, with two faces, will attract an annual rent of N236, 600, while the upstairs others double is pegged at N169, 000.
Traders are to rent the upstairs single at N152, 100.