To stimulate business activity, Yobe State Governor Mai Mala Buni has approved a 35% subsidy for shops and stalls in newly opened modern marketplaces.
This is said in a statement signed in Damaturu by Buni’s Director of Press and Media Affairs, Alhaji Mamman Mohammed.
According to the director, price reductions in shops became vital to support and encourage traders to operate in new marketplaces in order for business to prosper.
Thus, he stated, the Ground Floor Prime View Double, which had an original price tag of N468, 000 for rent per annum, has now been cut to N304, 200, while the Ground Floor Prime View Single, which had an initial price tag of N390,000, has now been reduced to N253,500 per annum
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Similarly, the aide said, the Ground Floor Prime View with two face that was to attract N442,000 is now to cost N287,300 per annum, and Ground Floor others Double put at N390,000 is now reduced to N253,500.
“The Ground Floor Others Single initially with a rent tag of N325,000 will now be N211,250 as and Ground Floor others two faces is N253,500 against the initial price of N390,000,” the aide said.
He said the upstairs prime view double was slashed to N253,500 from the initial rate of N390,000. while upstairs prime view single would go for N211,250 as against N325,000, among others.
Similarly, the aide said, the outdoor fish stall was reduced to N67,600 from the initial rate of N104,000 while the open stalls were now N84,500 as against N130,000.
NAN
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