Yobe: Buni approves 35% subsidy for new modern market stores, stalls
By Kasim Isa Muhammad
19th January, 2023
His Excellency the executive governor of Yobe State Mai Mala Buni, has approved a 35 percent subsidy on rates for shops and stalls in the newly commissioned modern markets, to boost business activities.
This was disclosed in a statement signed by Governor Buni’s Director of Press and Media Affairs, Alhaji Mamman Mohammed, and made available to newsmen.
The statement revealed that the reduction in prices of the shops became necessary to support and encourage traders to operate in the new markets for businesses to thrive.
In addition, the Ground Floor Prime View Double with an initial price tag of N468, 000.00 for rent per annum is now reduced to N304, 200.00 while the Ground Floor Prime View Single initially put at N390,000.00 is now to be given out at N253,500.00 per annum.
“Similarly, the Ground Floor Prime View with two faces that were to attract N442, 000.00 is now to cost N287, 300.00 per annum, and Ground Floor Others Double put at N390,000.00 is now reduced to N253,500.00.
“The Ground Floor Others Single initially with a rent tag of N325,000.00 will now be paid for N211,250.00 as an annual rate, and Ground Floor others two faces is to attract N253,500.00 against the initial price of N390,000.00
“The Upstairs Prime View Double has been reduced to N253, 500.00 against the former rate of N390,000.00 while, Upstairs Prime View Single will now cost N211,250.00 against N325,000.00 fixed earlier.
“The Upstairs Prime View two face now costs N236, 600.00 and the Upstairs others Double is pegged at N169,000.00 while Upstairs Others Single is now to attract N152, 100.00 as per annum,” the statement clarified.
