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Kano Awards N167.5b for Kanawa Economic City Construction

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Kanawa Economic City
  • Kano Awards N167.5b for Kanawa Economic City Construction

The Kano State Government has signed a N167. 508 billion agreements with an indigenous company, Brian and Hammers Ltd., for the construction of Kanawa Economic City, situated at Dangwauro in the outskirts of the state capital.

The project, which will be executed in 72 months, will be cascaded in three phases and will accommodate a world Trade Centre, Educational Institute, Light factories, 160 mega warehousing facilities, banks, a clinic and trailer parks in addition to other auxiliary infrastructure. On completion, it is expected to create about 500,000 jobs for youths in the state.

Speaking during a brief ceremony at the Government House in Kano, the State Governor, Dr. Abdullahi Umar Ganduje, explained that “the significance of the Kano Economic City is an indication that the present administration is committed to the overhaul of our marketing and commercial structures with the provision of modern facilities and other infrastructural facilities as roads to ease vehicular transportation as well as movement of goods.”

He, therefore, maintained that the signing of the agreement has opened up a new chapter for the commercial development of the state in its journey towards evolving as a mega commercial city.

Ganduje, who noted that efforts by past administrations to actualise the project had failed, stated that the decision to sign the agreement with the new developers was a significant departure from past proposals, asserted that it is cogent enough to raise the hope that “the state would soon have a befitting market and other facilities solely financed by the company”.

In his remarks, the Managing Director, Brian and Hammers, Malam Umar Abdullahi, said the decision of the company to work with the government of Kano State on the project is based on the explicit determination of the Ganduje administration to improve human and infrastructural development of the state.

He promised that his company would deliver a world class facility that would complement the state’s role as a major commercial nerve centre of the entire West African sub-region.

Highlights of the occasion included the presentation of Certificate of Occupancy of the 121 hectares of land to the project developers, witnessed by Senators Barau I. Jibrin (Kano North), Senator Kabiru Gaya (Kano South) and the Chief Whip of the House of Representatives, Alhasan Ado Doguwa, among other dignitaries.The foundation laying ceremony of the project is expected to be performed by President MuhammaduBuhari next January.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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