Ganduje To Convert Triumph Building Into Forex Market

By Musa Sunusi Ahmad

Kano state governor Abdullahi Umar Ganduje is considering a proposal by a private company to convert the premises of Triumph Publishing Company into a Foreign Exchange market.

A statement issued to newsmen by the Director General Media and Public Relations, Government House, Aminu Kabir Yassar on Wednesday said Mr Ganduje is also considering another proposal to convert the former Daula Hotel into a residential complex.

The statement said two companies – LAMASH Properties Limited and FARI Properties Limited – presented the proposals to the Kano state Executive Council on a “Build-Operate-Transfer” basis.

Speaking on behalf of LAMASH Properties Ltd., Rabi’u Sa’id said his company will use the “Gidan Sa’adu Zungur” complex of the Triumph Publishing Company to create “Yan Canji Forex Market”.

Mr Sa’id, an engineer said the company will provide full security and other infrastructure as obtained in vibrant commercial cities like Lagos or Dubai.

Also the representative of FARI Properties Ltd., Abdulkadir Abdulkadir, proposed developing a luxury housing project for 57 families with ancillary facilities, on the grounds of Daula Hotel.

“While the government will provide the land as its equity, our company will provide the financing and technical expertise for the project to be delivered”. Mr Abdulkadir said.

Welcoming the proposals, Mr Ganduje said he was disturbed with the security situation at WAPA Forex market, in the vicinity of Triumph Publishing Company, which is operating under a fragmented arrangement.

“Triumph Publishing Company needed more compact space in a serene environment and modern equipment, to make it a resilient public enterprise.” He added.

It could be recalled that the People’s Democratic Party (PDP) candidate in the Kano state 2019 gubernatorial election, Abba Kabir Yusuf has dragged the Ganduje administration to court over plans to award public properties to private individuals.

In an apparent reaction, Mr Ganduje said his administration is converting abandoned public structures into purposeful infrastructure.

“Instead of allowing economically viable structures to lay fallow, we are considering proposals on how to make them projects that will change the physical landscape of Kano as well as revenue earners for the state.”

“We need to be innovative in ensuring that such abandoned structures are converted into edifices that will ensure the sustainability of Kano city.

“Therefore, critics will not lead us to derail from our goal”.

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