Rising Land Prices in Hotoro Area Linked to Maryam Abacha American University Presence – Agents
NEWS DIGEST – Some land agents in Hotoro GRA have attributed the rise in the price of land in the area to the presence of the Maryam Abacha American University of Nigeria, which is situated at Kwanar Maggi in the area.
Muhammad Najume, one of the land agents, told our reporter that the rise in prices started immediately after the commencement of academic activities at the university.
Mr. Najume disclosed that a plot of land that was sold for N20 million in 2023 is now being sold for about N150 million or more.
“This can be attributed to the economic situation and the presence of the university in the area.
“The skyrocketing prices have not only affected the Hotoro Area but have also extended to the Kawo Community,” he added.
Another agent, Mallam Isa, also disclosed that a house that you could buy for N500,000 three years ago is now priced at N3 million.
“People are buying old houses to renovate them into hostels that will accommodate students,” said Mr. Isa.
Speaking with a resident who is also a homeowner, Musa Okuri, said the university has brought massive development to the community through its corporate social responsibility.
Mr. Okuri said, “The university management recently renovated one of the community secondary schools, which they decided to name after the founder, Professor Adamu Abubakar Gwarzo.
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“The establishment of new private universities in the North will not only add value to the region by boosting its economy but will also help in building cities in the areas they are located in.
“This is exactly what the Hotoro residents are experiencing today.”
On his part, Usman Yahaya, a businessman in the area who sells Shawarma and Burgers, described the development the university brought to them.
He said, “Before the university was established, we didn’t make a profit, but now there is security, we make huge profits, and the place has become very busy. This is a massive development.”
Another businessman who owns a provision store, Ibrahim Haladu, said there is profit unlike before the presence of the university.
“My business is growing, the place is busy, there are employment opportunities, and this is a result of the university,” Ibrahim said.
Haruna Tijjani Kwa, a student of Business Administration at the university who resides in Kawo, described the university and the environment as conducive.
“I’m enjoying my stay here, and I’m proud to be studying at Maryam Abacha American University.”
Umma Salma Auwal Muhammad, a law student who came all the way from Maiduguri, described the university as one of the best for providing them with a conducive learning environment and good lecturers.
“I live here in Hotoro, the people here treat us very well, and I feel like I’m at home,” she said.
