The Kano Agricultural Supply Company (KASCO) has remitted 60 percent of its 2024 annual profit, amounting to ₦200.4 million, to the Kano State Government — marking the first time in over a decade that the company has made such a remittance.
The Independent Mirror reports that this was disclosed in a statement issued by the Governor’s Spokesperson, Sunusi Bature Dawakin Tofa, on Monday.
The remittance followed the presentation of a dummy cheque by the Managing Director of KASCO, Kabiru Sani Yakubu, to Governor Abba Kabir Yusuf during the 33rd State Executive Council meeting held at the Government House, Kano.
Yakubu revealed that the company recorded a profit of ₦334 million for the 2024 financial year, describing the achievement as a historic milestone since KASCO’s establishment in 1991.
He commended the state government for its support and the creation of a business-friendly environment, which, he said, revitalized the company’s operations and enhanced transparency in its financial management.
In his remarks, Governor Yusuf applauded KASCO’s management for restoring the company to profitability and assured continued government support to sustain the momentum of growth and accountability across state-owned enterprises.
The governor added that the development aligns with his administration’s commitment to reposition Kano’s public institutions for economic self-sufficiency and the overall benefit of the people.
