Kano’s Largest Grains Market Denies Hoarding Allegations Amid Price Surge

In the bustling city of Kano, the Dawanau International Grains Market stands as a symbol of commerce and trade, serving as the largest grains market in West Africa. However, recent allegations of hoarding have cast a shadow over its reputation…..READ ALSO

The market, known for its vast array of grains and foodstuffs, has vehemently denied these accusations. Alhaji Muttaka Isa, the President of the Dawanau Market Development Association (DMDA), took a firm stance against the allegations, asserting that they were baseless and unfounded.

According to Isa, the grains dealers operating within the market have been wrongly accused of hoarding activities aimed at creating artificial scarcity and driving up prices. He clarified that their primary role is to facilitate the purchase and sale of grains sourced from farmers across the country.

“We are dealers of items having an average daily turnover of N30 billion,” Isa stated. “Farmers from far and near bring their products here, which we buy and sell wholesale to industries and for exports.”

Isa emphasized that the grains stored in the market’s warehouses are simply in transit and are essential to prevent spoilage and ensure convenient distribution to customers.

Moreover, Isa highlighted the market’s significant role in supplying grains to various entities, including government agencies and organizations like the World Food Programme (WFP), which distribute food to IDP camps in Nigeria and beyond.

The accusations of hoarding, according to Isa, not only tarnish the reputation of the Dawanau International Grains Market but also undermine its crucial contribution to the local and national economy.

In light of these allegations, the market association has called upon the public to disregard the rumors and reaffirmed its commitment to transparent and ethical business practices. As one of Kano’s economic pillars, the Dawanau International Grains Market remains dedicated to serving the community and promoting fair trade practices amidst challenges of misinformation and disinformation.