Business
Yola Town Market Set for Revival as Adamawa Approves N2.9 Billion Reconstruction
The Adamawa State government has announced plans to reconstruct Yola Town Market, which was razed five months ago.
During a visit to the market, Professor Kaletapwa Farauta, the Deputy Governor, said the government was yet to ascertain the cause of the inferno and pledged to support the affected traders.
Farauta stated that the exact number of affected traders is yet to be determined, but the government would do everything possible to provide them with the necessary assistance.
“We are here to commiserate with our brothers and sisters who have been affected by this fire incident.
“The government will look into what has happened, as the source of the fire and the number of burnt shops is yet to be ascertained,” the deputy governor said.
However, in a recent development, the Adamawa State Commissioner for Commerce and Industry, John Dabari, revealed that the state government has approved the sum of N2.9 billion for the reconstruction of the market.
Dabari, who spoke after a meeting of the State Executive Council (SEC) presided over by the deputy governor, Kaletapwa Farauta, at the Government House in Yola, disclosed that the reconstruction of the market is set to be completed in nine months.
Investor King understands that the fire outbreak halted business activities in some parts of the town market.
However, with the government’s decision to rebuild the market, the resumption of full commercial activities is guaranteed.
The new market, which is expanded to house 69 modern shops, features a modern architectural plan and design.
According to Dabari, traders and business owners can rest assured that the modern design will reduce the risk of future fire outbreaks in the new market.