KADUNA, North-West, Nigeria – In a bid to tackle the issue of underdevelopment bedeviling the Northern region of Nigeria, and also, to alleviate sufferings of the people, the New Nigerian Development Company, (NNDC), on Thursday, September 12, 2019 commissioned a multi-million Naira Mall in Kaduna.
The edifice located along the Muhammadu Buhari Way (former Whaff Road), the three storey Mall was commissioned by the Chairman, Northern Governors Forum and Governor of Plateau State, Simon Lalong, accompanied by his counterparts from the join owner States of the conglomerate.
Lalong who expressed delight at the venue said it would tackle the underdevelopment bedeviling the region and better the lives of the people, and commended the Board and Management of the company for the initiative.
Chairman, NNDC, Tanimu Yakubu, during the ceremony.
Earlier, the Chairman of NNDC, Tanimu Yakubu, said the company was initially known as the Northern Regional Production and Development Board, (NRPDB), was established in 1949 to catalyze the economic and social development of the then Northern region.
He said that the NNDC is a diversified holding company with a worthy heritage and an enviable track record of achievements, providing a wide range of financial and professional advisory services.
According to him, the company’s objective is to be a resounding commercial success in its operations especially with its interest in Real Estate Development, which is one of the major purveyors in the Nigerian economy with considerable opportunities within the northern region.
The NNDC Chairman disclosed that the decision to develop the Ultra Modern Shopping Mall; a three-story edifice with state-of-the-art facilities, was part of a 5-Year Strategic Plan of the company and was solely financed 100 per cent at the total cost of N793m by the NNDC.