Kano Commodity Exchange Market Begins Operation Q1 2021

The Kano Gezawa First Commodity and Exchange Market, established by the Accountant General of the Federation, Ahmad Idiris, is to commence full operation with stock broker activities in the first quarter of 2021.

Speaking while receiving the Kano Concerned Citizens Initiatives headed by a former presidential candidate of the defunct National Republican Covention, Alhaji Bashir Tofa, the AGF said the market had already secured a licence for a Gallery for Stock Brokers and Operators.

He explained that the market was connected with Wi-Fi and was adequately integrating Information Technology in its operations, while Nigeria Customs Service, the National Drug Law Enforcement Agency, the Nigeria Import and Export Commission have monitoring desks in the market.

He said the market is to enjoy the status of a full Inland Dry Port vital organisations having offices there.

Idris said over 2,500 persons would be employed as workers at the market, adding that already, over 500 persons including women and youths worked there.

In his remarks, Chairman of KCCI, Tofa admitted that laxity and ignorance had left the North in extreme poverty.

He lamented that social vices, drug addiction, thuggery and banditry had now ravaged the North, while vast farming lands were left idle.