• News - North East - Borno
  • Updated: October 23, 2023

Monday Market: Borno Governor Reopens, Waives Two-Year Rent For Traders

Monday Market: Borno Governor Reopens, Waives Two-Year Rent

The Governor of Borno State, Babagana Umara Zulum, has reopened the Maiduguri Monday Market razed by fire early on February 26, 2023, after its reconstruction.

Zulum also announced a two-year rent waiver for 8,000 traders in the market. 

He said the gesture was to support the traders following the huge loss theu incurred. 

“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. 

The remodelled market structure includes a comprehensive redesign and expansion plan with a more organised 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. 

Malam Isa Gusau, the governor's spokesperson, made this known in a statement on Monday. 

Zulum had, in February, released N2b to the committee constituted to administer activities relating to the market with additional N1b as palliative to victims of the fire disaster.

“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. 

“As a result of the remodelling, over 2,000 traders who either operated at a temporary site, built shops illegally on water ways, 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 added.

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