FG commissions 2,500-stall market in Abuja

The federal government has commissioned a new 2,500 stalls market in the Karmo District of Abuja. Speaking during the commissioning yesterday, the Minister of FCT,  Bar. Nyesom Wike, said the project was in collaboration with the Rural Homes Limited, was constructed to enhance commercial infrastructure and economic development within the Federal Capital Territory. He said […]

The federal government has commissioned a new 2,500 stalls market in the Karmo District of Abuja.

Speaking during the commissioning yesterday, the Minister of FCT,  Bar. Nyesom Wike, said the project was in collaboration with the Rural Homes Limited, was constructed to enhance commercial infrastructure and economic development within the Federal Capital Territory.

He said the Karmo District Market has been strategically developed to provide a well-structured and modern business hub for traders, entrepreneurs, and investors and aligns with the current administration’s plan to foster economic growth, creating employment opportunities, and ensuring a more organised trading environment.

“Additionally, it is designed to create more job opportunities and tap into the untapped value chain of real estate, driving further economic expansion and investment within the sector, eradicate the use of informal markets, and maintain the urban culture, driving further economic expansion and investment within the sector.”

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The minister who was represented by the Minister of State for the FCT, Dr. Mariya Mahmoud Bunkure noted that the market is equipped with state-of-the-art facilities, including spacious shop units, ample parking, security provisions, and essential modern amenities to support seamless commercial activities.

Speaking on the significance of the project, the Managing Director of Rural Homes Limited, Hajia Sa’adatu Aliyu said the market, which sits on 10 hectares of land is under partnership with Abuja Investment Company Ltd market.

“We have zoned this market into farmers market separately which you don’t typically see in most markets but we understand that times are going on, modernisation is coming and Nigeria also needs to move forward. This is what we try to achieve with this market. It is a 2,500 shop and stalls unit with cold rooms, warehouses, standard warehouses, 100 hectares, 100 square meters rather, 12 meters high,” she said.