Editing By Abba Bashir
The Senior Special Assistant to the President on Community Engagement, Northwest, Abdullahi Tanko Yakasai has disclosed plans to transform the Dawanau Commodities Market in Kano State into a fully structured and formalized trading hub.
Mr. Yakasai made this known in Kano after a high-level meeting with the Chairman of the Nigerian Commodity Exchange, Alhaji Dalhatu Abubakar, and the Managing Director and Chief Executive Officer, Mr. Anthony Atuche, CFA.
According to him, the discussions focused on bringing order and standard practices to Dawanau Market, which is recognized as the largest commodities market in West Africa but has continued to operate without a formal regulatory framework.
Under the new initiative, a *One-Stop-Shop* will be established within the market to enable traders to access essential services including Company Registration, National Identification Number (NIN), Bank Registration, Bank Verification Number (BVN), and other certifications required for standard business operations.
Mr. Yakasai stressed that the significance of Dawanau Market to Nigeria’s economy cannot be overstated, noting that its contribution to the nation’s Gross Domestic Product is substantial.
He added that formalizing the sector will not only boost transparency and investor confidence but will also create greater economic opportunities for traders and enhance Nigeria’s overall economic growth.
The Presidential aide reiterated the Federal Government’s commitment to strengthening grassroots commerce as part of its broader economic agenda for the Northwest region.
