The Nasarawa state government has allocated 40 per cent of stalls at the Karu international market to indigenes in the state to stimulate economic growth and increase revenue generation.
This was disclosed by Governor Tanko Almakura on Monday while he was laying the foundation for the construction of the N1billion ultra modern market along Kwandere road in Lafia, the state capital.
The market has over 1,200 stalls with a parking space, police station and fire service station.
Mr. Almakura said that the state government had mapped out strategies to engage indigenes in economic development to reduce dependence on the government and create wealth for self sustenance.
He said that the Karu international market had reached 90 per cent completion and that the state was engaging in wealth creation and revenue generation to reduce dependence on oil revenue in the near future.
“I am very optimistic that this effort will promote commerce, economic growth and reduce dependence on oil revenue,” he said.
He added that as part of its strategy, government was creating an enabling environment through the construction of multipurpose markets across the state that would enhance participation by indigenes.
According to him, the foundation for the construction of Akwanga ultra modern market would be laid on Thursday while Keffi would be commissioned for use in the next two weeks.
Mr. Almakura explained that the Lafia ultra modern market would provide a new vista for desired economic growth and transformation
He said that the market would be funded from the bond procured from the stock exchange and urged the contractors to ensure that the contract was carried out according to specification.
The consultant architect, Shehu Tukur,managing director, Canonic Associates, said the contract for the Lafia market would be done in four phases and that the first phase consisted of motor parks, walk ways, shops, ware houses and a fence.
Mr. Shehu said the market would have 500 stalls and that 80 contractors had already been engaged for the first phase, which would be completed within seven months.
“The market is structured in four phases, which would be carried out simultaneously as Lafia develops,” he said.
He promised the job would be done according to specification. He disclosed that the funds for the job had already been provided by government.