Zulum opens Monday Market, waives two years’ rent for 8,000 traders

The governor, during the commissioning on Monday, also announced that at least 8,000 traders who rent shops and pay rent to the state government through the market authority will not have to pay rent for the next two years because of the huge losses they suffered during the fire outbreak. “As you would recall, Maiduguri Monday Market was burnt down by fire in February 2023. Borno State Government set up a committee to rebuild the market.

Zulum had, in February, released two billion naira to the committee constituted to administer activities relating to the market, aside from the additional one billion naira palliative given to victims of the fire disaster. The governor at the commissioning also announced N800 million in support for about 2,825 traders who could not get shops after the remodelling of the market. They had previously operated in temporary sheds and market stalls, while some operated illegally.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Financing foreign exchange market can be achieved in 10 years, not 300President Bola Tinubu has expressed confidence that by working closely with the private sector, financing the $3 trillion National Infrastructure Stock can be achieved in 10 years and not in 300 years. This was as he allayed the business community's concerns, assuring them that crucial plans are underway to improve foreign exchange liquidity.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Global food market value to hit $10tr by 2027The global food market valued at over $7tr in 2022 has been projected to hit $10tr by the year 2027.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

BREAKING: Wike orders demolition of popular Abuja market, gives reasonFCT minister, Nyesom Wike, has ordered the immediate demolition of the popular Covid-19 market in Area 11, Abuja.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »