The Kano Agricultural Supply Company (KASCO) has declared ₦334 million annual profit for 2024. The company remitted 60 per cent of the profit, amounting to ₦200.4 million, to the state government.
This is the first time in over a decade that KASCO has made such a remittance, according to a statement issued by Governor Abba Yusuf’s spokesperson, Sunusi Dawakin-Tofa, in Kano on Wednesday.
He said that KASCO’s recorded profit of ₦334 million for the 2024 financial year is a historic milestone.
Dawakin-Tofa added that Yusuf had received the remittance and lauded KASCO’s management for restoring the company to profitability.
The Governor assured continued government support to the form to sustain the momentum of growth and accountability across state-owned enterprises.
Meanwhile, Yusuf has reiterated his administration’s commitment to financial inclusion and economic empowerment, particularly for women and youth.
The governor made this known while inaugurating the Kano branch of Signature Bank on Tuesday.
Yusuf described the establishment of the bank in Kano as a testament to the state’s investor-friendly policy and business-enabling environment.
He assured the management of Signature Bank of the state government’s full support and cooperation,
Yusuf said, “We are open for partnership and collaboration with all financial institutions to create an affordable and sophisticated business environment that supports entrepreneurs and drives prosperity.”
The governor commended the Sabon Gari business community for its commitment to prompt tax payment, which contributes significantly to the state’s revenue and economic stability.
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