Jaiz Bank PLC Partners Kano State and Agama Consortium on KANGIS

Thursday, October 11, 2012

In line with the with the commitment of the Governor Rabiu Musa Kwakwanso-led Administration to the socio-economic and infrastructural development of Kano State, the State Government has signed a Contract Agreement for the Establishment, Implementation and Operation of the Kano State Geographic Information System (KANGIS), under a 3-year Public Private Partnership (PPP) Arrangement.

The agreement was signed between Millennium- Agama consortium which is made up of three indigenous companies with Jaiz Bank Plc Serving as the Funding Bank as well as the Lead Collection Bank.

The KANGIS PPP Contract, will among other benefits, modernize and computerize land administration in Kano State. In addition, it will significantly boost the State Government’s Internally Generated Revenue (IGR). It will also facilitate the creation of “bankable” land title documents (or Certificates of Occupancy) for both urban and rural land (including agricultural plots) within the State. This will go a long way in unlocking the vast economic potentials that have hitherto been tied up as a result of the inability of genuine land owners to obtain valid C-of-O’s for their land titles. The KANGIS project will also enable the Ministry of Lands, Survey and Physical Planning to eliminate sharp practices and other fraudulent activities with respect to land administration in the state.

After a careful selection process, the Kano State Government has selected a group called the Millenium-Agama Consortium as its preferred Private Sector Partner for bringing the vision of KANGIS into reality. The Millenium-Agama Consortium is made up of three (3) indigenous companies and a financial institution, namely Millenium Integrated Limited, Agama Environment and Energy Services Limited, Structural Skyline Limited and Jaiz Bank Plc (as the funding partner and lead collection bank). By partnering with the consortium, Kano State Government will be able to benefit from the experience derived from the implementation of similar projects in Abuja and other parts of the country.

While commenting on this laudable initiative, the Managing Director of Jaiz Bank PLC, Mohammed Mustapha Bintube who reiterated the Bank’s commitment to the socio-economic development of Nigeria, stated that “this is a novel financing method where the Bank is part of the partnership in setting up the facilities. I expect this novel initiative i.e. public private partnership (PPP) to be extended to other states and the Federal Government of Nigeria” He further expressed the Bank’s commitment to work closely with the Consortium, the Kano State Ministry of Lands, Survey and Physical Planning and all the parties involved to ensure the realization of the project’s objectives.

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