By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: How Newly Licensed Abacha Varsity Ignited Rush For Property In Kano Community
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > Nigeria Property News > How Newly Licensed Abacha Varsity Ignited Rush For Property In Kano Community
Nigeria Property News

How Newly Licensed Abacha Varsity Ignited Rush For Property In Kano Community

Fesadeb
Last updated: 2021/02/22 at 10:05 AM
Fesadeb Published February 22, 2021
Share
SHARE

With the recent federal government’s approval of the establishment of 20 new universities in Nigeria, including the Maryam Abacha American University of Nigeria (MAAUN), Kano, properties located within the area in which the university’s structures are located have appreciated by more than 100 per cent.

Our correspondent gathered that a parcel of land in the area, which hitherto cost between N19m and N22m is now between N25m and N35m. A house which was valued at N70m initially has now gone up to between N150m and N170m.

A move by the management of the university; conducting some community social infrastructural development in the host community and its neighbours, has further heightened the rush for property.

The university which is said to have reached about 97 per cent completion has completely changed the structural and environmental setting of the area. The city campus is located at Hotoro GRA in Nassarawa Local Government Area.

Daily Trust also gathered that a lot of businessmen and women have begun acquiring lands close to the university to build accommodation or business centres.

The university was founded by Professor Adamu Abubakar Gwarzo, a renowned journalist, in Maradi, Republic of Niger, in 2013. The university is named after Maryam Abacha, the wife of a former Nigerian Head of State, Sani Abacha, based on her effort to mobilise and support African countries.

The university was licensed in 2021 to operate in Nigeria which brought the establishment of the city campus to Kano State.

According to a resident of Hotoro, Malam Ali Aliyu, members of the community had begun to feel the positive impact of the university even before it  began operation, adding that with the university’s structures acquisition process to meet up the needed space, many community members’ financial status was positively lifted.

he said, “The university has indeed brought a lot of positive things to our community because their acquisition processes were so wonderful that many of us wished that we had more structures to sell to them. They paid more than the value of the structures, and that has lifted a lot of members’ financial status.”

Another community member, Malam Abdullahi Umar Mada, said with the sort of property development going on, the presence of the university would continue to change the face of the community for years to come.

It was discovered that a vast land was acquired by a businessman to build a 100-room hostel.

You Might Also Like

Over 500,000 Land Scam Cases Recorded Yearly in Lagos, Ogun

Kano Businessman Rabiu Tijjani Threatens Legal Action Over EFCC Declaration

Law Firm Accuses Minister David Umahi of Illegal Land Seizure in Lagos

Lagos Shuts Property in Ikosi-Ketu Over Illegal Waste Dumping

Ogun Assembly Threatens Arrest Over Illegal Sale of Housing Corporation Lands

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: Kano, Property
Fesadeb February 22, 2021 February 22, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?