How we rose KACCIMA’s bank balance from N1.2 million to N81.4 million in 2 years – Imam

From Mustapha Adamu, Kano

The outgoing Council members of the Kano Chamber of Commerce, Industry, Mines and Agriculture ( KACCIMA), under the leadership of Alhaji Garba Imam, has revealed that it has inherited N1.2 million from the Interim Management Council (IMC) two years ago.

The President of the KACCIMA, Alhaji Garba Imam disclosed this in his remarks at the Extraordinary General Meeting (EGM) organised by the chamber, held in its secretariat in Kano over the weekend.

According to Imam, the upon inauguration, the council, inaugurated in August 2023, used the paltry N1.2 million it inherited from the IMC and successfully organized the 45th and 46″Kano International Trade Fairs.

He explained that the two trade fairs, several innovations were introduced, which included free gate access, free internet services, growth in the number of international and local exhibitors, and the introduction of empowerment-oriented activities.

The President further disclosed that the surplus realized from the trade fairs was invested in an Islamic finance banking product, Mudarabah, adding that “as at 22 June 2025, the chamber’s bank balance stood at N81.4 million and $2,537.90”.

Imam added that the total value of shares also increased significantly, from N19 million in 2022 to N65.9 million as at December 2024.

“The Council inherited some liabilities, all of which were verified and fully settled,” he added.

Further enumerating the council’s achievements within the two years, Imam states that  training and capacity-building center had been established at the chamber to support continuing development of its members and enhancerevenue generation.

The centre, according to him, “was graciously furnished by the current Director General as a donation to the chamber”.

In terms of staff welfare, Imam disclosed, “the Council had demonstrated the highest level of support.