The Managing Director and Chief Executive Officer of Ja’iz Bank Hassan Usman appreciated the Kano state governor Dr Abdullahi Umar Ganduje’s wisdom and foresight in initiating and diligently executing the Kano Economic City project, at Dangwauro area on Zaria road, Kano.
He made this known at his briefing during the State Council meeting held at Africa House, Government House, Kano, Tuesday, in the presence of the governor, his deputy, all commissioners, other Council members and the management of Brains and Hammers company handling the project.
Usman explained that, “Development of market is usually initiated by government in all places. But because of the enormity nature of governments responsibilities due to shortage of resources, that tradition suffers setback in many places.
But because of the patriotic and diligent nature of governor Abdullahi Umar Ganduje in governance, Your Excellency, you found a way of initiating this signature project of Kano Economic City, with us, Ja’iz Bank and Brains and Hammers. This is commendable in all fronts of human endeavour.”
Not only the establishment of the market, that is being commended, as Ja’iz Bank Boss postulates, “…the aesthetic nature of the project and its global look, a multi-billion Naira project of a global market, that is second to none on the African continent, how the market is partitioned to take care of many businesses is also appreciative.”
In its effort to see to the successful development of this market “…and to avoid Usury (Riba), we in the Ja’iz Bank, partner with Brains and Hammers company to catalyse. We are also supporting the business community to own the shops and not to opt for rental relationship with shop owners,” Ja’iz Bank Boss said.
Usman thanked the governor for providing both moral and political support for the successful execution of the project, which, according to him, would automatically change narrative for better in the business community in the state and the country in general.
In his remarks the representative of Brains and Hammers, Ibrahim Bako, said they were at the Government House to brief the governor about the feats so far achieved in the execution of the Economic City.
“This Kano Economic City, when completed, it will be its first kind in Africa. We have trailer park, luxurious buses park and we will have many sections of businesses that are thriving in the global market,” he discloses.
He further reveals that, “In the next 2 months we are completing from 700 to 1000 pharmaceutical shops and from 2500 to 3000 shops for GSM (Phone) market.”
By way of awareness creation to would-be shop owners, he hinted that, “…as we are working together with the Ja’iz Bank, it is designed that, if someone wants to buy a shop and doesn’t have capital to purchase, he can pay only 10 percent and Ja’iz Bank will pay for the remaining 90 percent for him. To be paid instalmentally.
And if a person has his or her complete capital, he can go and pay for his or her chosen shop. While in this, Ja’iz Bank will provide other capital for one’s business. And to be paid back to the Bank in due course.”
Responding to both remarks, governor Ganduje said “We thought it necessary to have a befitting global market, after we improved some selected markets in the state. For example we improved Kantin Kwari market and some others. Some have also been earmarked for improvement.”
“In this market we have many things that can only be found in global markets. We have banks, insurance companies, Police Division, filling stations, major garages to prevent heavy vehicles from entering into the main city, 24 hour electricity supply and good road networks with befitting drainage system.
We also have pharmaceutical market within the market, we have part specifically for phone marketers. I am therefore calling on people to quickly come and own shops before it could be late for them.
