Zulum Opens Monday Market, Waives Two Years Rent For 8,000 Traders

Nine months later, the Borno State Governor, Babagana Umara Zulum, commissioned the Maiduguri Monday market which was rebuilt after it was razed by fire on Sunday, February 26, 2023.

Related Articles

The governor who commissioned the market on Monday, also announced two years waiver for about 8,000 traders who rented shops and paid rent to the state government through the market authority as palliative for the huge losses.

“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. The market has now been completely rehabilitated with over 8,000 traders to benefit from the remodelled market”, Zulum said.

- Advertisement -

The remodelled market structure involved a comprehensive redesign and expansion plan with a more organized and accessible space for business activities.

It has wider walkways, designated zones for different product categories, and some basic facilities all of which have now transformed the market into a shopper-friendly destination.

Zulum had, in February, released N2 billion to the committee constituted to administer activities relating to the market with an additional N1 billion as palliative to victims of the fire disaster.

Governor Prof. Babagana Umara Zulum. at the commissioning, announced N800m support to about 2,825 traders who were unable to be allocated shops after the remodeling.

They hitherto operated in temporary shades and market stalls while some operated illegally.

“In the course of the reconstruction exercise, the committee recommended the remodelling of the market because it was found that the congestion in the market had contributed to the escalation of the fire incident”, Zulum stated.

The governor continued: “As a result of the remodelling, over 2,000 traders who either operated at a temporary site, built shops illegally on waterways, could not get shops in the market. However, the government will support over 185 of them with N1m each, 2,000 others will get N300,000 each, and about 640 will receive N100,000 each”, Zulum also said.

The governor promised that the 2,825 traders would be allocated shops at a new market to be sited in Maiduguri.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button