Some property surveyors and valuers at Hotoro GRA in Kano State have attributed the rise within the value of land within the space to the presence of Maryam Abacha American College of Nigeria (MAAUN), which is located at Kwanar Maggi within the space.
One of many land brokers, Muhammad Najume, advised our reporter that the rise within the value began instantly after the graduation of educational actions within the college.
Najume disclosed {that a} plot of land that was offered at N20 million in 2023 is now offered at about N150 million or above.
“This may be attributed to the financial scenario and the presence of the college within the space.
“The skyrocketing has not solely affected the Hotoro Space however has prolonged to the Kawo Neighborhood,” he added.
One other agent, Mallam Isa, additionally disclosed {that a} home that ought to ordinarily price about N500,000 within the final three years is now N3million presently.
“Individuals are shopping for previous homes to renovate them to hostels that may accommodate college students,” Isa acknowledged.
Talking with a resident, who can also be a home proprietor, Musa Okuri, he mentioned the College has introduced large improvement to the neighborhood with its company social duty (CSR).
Okuri mentioned: “The college administration not too long ago renovated one of many neighborhood secondary colleges which they determined to call after the founder, Professor Adamu Abubakar Gwarzo.
“The institution of latest non-public universities in Northern won’t solely add worth to the area by boosting its financial system however will assist in constructing cities within the space they’re situated in.
“That is precisely what the Hotoro residents are experiencing immediately.”
On his half, Usman Yahaya, a businessman in Hotoro space, who sells Shawarma and Burger, spoke of the developments the college delivered to them.
He mentioned: “Earlier than the college was established, we don’t make revenue, however now there may be safety, we make large revenue, and the place has grow to be very busy. It is a large improvement.”
One other businessman who owns a provision retailer, Ibrahim Haladu, mentioned there may be now enterprise growth in contrast to earlier than the institution of the non-public college.
“My enterprise is rising, the place is busy, there may be employment alternatives and it’s on account of the college,” Ibrahim added.
Haruna Tijjani Kwa, a pupil of Enterprise Administration within the College who resides in Kawo space, described the college and the atmosphere as conducive.
“I’m having fun with my keep right here, and I’m happy with learning at Maryam Abacha American College,” Kwa acknowledged.
Umma Salma Auwal Muhammad, a Regulation pupil who got here all the way in which from Maiduguri, Borno State, described the college as among the finest for offering them with a conducive studying atmosphere and certified lecturers.
“I reside right here at Hotoro, the folks right here deal with us very properly, I really feel like I’m at house,” she mentioned.