(AGENDAWATCHDOG) – The Kano Gezawa First Commodity and Exchange Market, set up by Ahmad Idris, the Accountant General of the Federation, is set to start full operation with stock broker activities in the first quarter of 2021.
The market, which has obtained a licence for a Gallery for Stock Brokers and Operators, is connected with Wi-Fi and was adequately integrating Information Technology in its operations, while Nigeria Customs Service, the National Drug Law Enforcement Agency, the Nigeria Import and Export Commission have monitoring desks in the market. The market is to enjoy the status of a full Inland Dry Port vital organisations having offices there.
Approximately 2,500 persons would be employed as workers at the market, with about 500 persons, including women and youths, already engaged. Gezawa Commodity Market Ltd is a Registered Company in Nigeria operating in Gezawa LGA in Kano State, Nigeria. T
The market is located 24 km away from Kano city and equipped with state-of-the-art infrastructure to support efficient transaction and delivery of agricultural commodities. It is a private sector-led initiative and is the first of its kind in Nigeria. The market is positioned to be the largest commercial one-stop hub for both domestic and export market for international standard agro-commodities in Nigeria. The Market is integrated with a trading platform; Gezawa Commodity Exchange (GCMX), where agricultural commodities will be traded live 24/7 online.
POTENTIAL IMPACT: The initiative will unlock the vast potentials of agricultural value chains through partnerships and synergy with like-minded enterprises, organizations and institutions throughout the world; to mutually create wealth, generate local employment and contribute significantly to the economic growth of Nigeria and its GDP.