Business A.M
No Result
View All Result
Saturday, March 7, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Nigeria Frontier Markets

Jos Main Market: Resuscitating a city’s commercial hub

by Admin
June 6, 2019
in Nigeria Frontier Markets

By Hope Ikwe, in Jos.

 

RECENTLY, THE PLATEAU STATE government demolished the ultra-modern Jos Main Market that was burnt down by unknown persons in 2002 in a bid to reconstruct it.

The original construction of the edifice, which housed about 3000 shops, a bank, a court house, a police station, motor parks and a post office, commenced during the military administration of Joseph Gomwalk in 1975 and was commissioned 34 years ago in 1985. It had been further destroyed when there were multiple bomb blasts around the market in 2014.
Efforts were made by previous administrations to reconstruct the market as traders who transact business in make shift stalls around the market were asked to relocate to satellite markets around the city.
The governor, Simon Lalong, had stated that bidding process was open to any competent and interested firm as the government was ready to reconstruct the market.
Meanwhile, the state’s commissioner for Budget and Economic Planning, Sylvester Wallangko, during his presentation of the budget break down, disclosed that the government had earmarked N1,188,000,000 for the demolition of the ruined market. This, we now know was carried out on the 19th of May 2019.
The Ministry of Commerce and Industry had set the reconstruction of the market as an agenda some years back.
Commissioner for Commerce and Industry, Idi Yakubu, told business a.m. that the government of Simon Lalong, which has human capital development as one of the cardinal points of the administration, has decided to reconstruct the market in order to boost businesses and industries in the state, generate revenue and employment and revamp the tourism potentials of the state.
“Lalong decided, on his own, to put up the machinery and consultancy service for the reconstruction of the burnt market. Integrity test was carried out on the old structure and 30 percent of the old structure, about 1000 shop passed the integrity test and will be renovated; while the other parts that did not pass the integrity test will be reconstructed”.
According to him, the consultant, Roughton Synergy, a UK based entity has offered the government two options to help reconstruct the market which he said will be deliberated on by the Project Development Team of the state which consists of engineers, technical hands and the Ministry of Works for the government to choose the best option.
He further explained that the consultant suggested that the government employs “Public Private partnership (PPP) or engage investors to build the market and handover to the state for repayment as the government has fulfilled part of Viability Down Funding by paying in full for the demolition of the market as part of its commitment to the project “.
He, therefore, called on citizens to be patient with the government as they had been for over 15 years as he said the government intends to reconstruct the market within the four years of its second tenure if there is no breach of peace.

Admin
Admin
Previous Post

Okorocha owed Imo pensioners N57bn – Ihedioha

Next Post

Analyst predicts Boris Johnson becoming British prime minister will hurt  pound

Next Post

Analyst predicts Boris Johnson becoming British prime minister will hurt  pound

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 2026
Gold hits fresh record above $3,640 as Fed rate cut bets intensify

Gold extends rally to $5,222 as weaker dollar, Asian demand lift prices

March 5, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M