Wudil cattle market hits ₦50bn in weekly transactions

0
295
Wudil cattle market hits ₦50bn in weekly transactions

Wudil cattle market hits ₦50bn in weekly transactions

The Kano State Government, through the State Agro-Pastoral Development Project (KSAPDP), has invested ₦350 million to enhance infrastructure in five key cattle markets across the state.

Zaharaddeen Hamisu, the KSAPDP Coordinator, revealed this information during a press briefing on Tuesday in Wudil, the headquarters of Wudil Local Government Area.

He highlighted that the major cattle markets benefiting from this investment include Falgore, Wudil, Dumbulum, Danbatta, and Getso.

READ ALSO: Exploring Africa’s largest cattle market in Potiskum (Photos)

The upgrades include the construction of loading ramps, toilet facilities, boreholes, solar lighting for improved security, and drainage systems, all aimed at enhancing the overall market experience.

Hamisu noted that these projects were funded by the Islamic Development Bank with the backing of the Kano State Government, as part of efforts to elevate the standards of the markets.

“The state government did its best to address the challenges facing the markets to enable traders to carry out their business activities without hitches.

“The government is still going to do additional work in the markets especially in the Wudil cattle market before the Project winds up in June 2025.

“But we believe for sustainability measures, the market users should do something as revenue generating body to complement government’s efforts,” he said.

Earlier, the acting Chairman of the Wudil Cattle Market Union, Ahmad Dauda, said no fewer than three million cattle are being brought to the market on Fridays from different parts of the country for sale.
According to him, the animals are being brought from Adamawa, Taraba, Plateau, Bauchi, Yobe, Borno, and Sokoto states among others.

“More than three million cattle are being brought to this market from many states such as Borno, Bauchi, Yobe, Sokoto, Taraba, Plateau, and Adamawa,” he said.
He, however, called for the establishment of a bank in the market to save traders from the risk involved in travelling with huge amounts.

He said the call was necessary because the traders are making over N50 billion weekly for the sales of the three million cattle.

“We call on the state government to provide bank in the market because traders are making more than N50 billion on every market day to reduce the risk involved in taking huge amounts of money,” he added.

Follow the Neptune Prime channel on WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3d

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here