- Traders Shut Lagos Trade Fair Complex Over Planned Management Takeover
- Protesters fear new taxes and levies may affect businesses in the market.
- Trade minister visited complex to engage traders and restore normal activities.
Activities at the Lagos International Trade Fair Complex were disrupted on Wednesday as traders shut down the facility to protest a proposed takeover of the market’s management by state and local government authorities.
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EKO HOT BLOG reports that the protest led to the closure of shops across the complex as traders gathered in groups around parks and garages within the market premises to discuss the development.
The traders expressed concern about the implications of the proposed arrangement, particularly the possibility of new levies and taxes that could affect their businesses.
Many of them maintained that the complex is a federal government facility and called for wider consultations before any changes are made to its management structure.
According to the traders, any decision regarding the administration of the market must involve stakeholders operating within the complex.
The shutdown also affected the ASPANDA Market within the complex, one of the largest spare parts markets in Lagos.
Eyewitnesses said traders began the protest early in the morning by locking their shops and stalls to draw attention to their concerns over the planned changes.
“We are not against development, but we are concerned about the possible levies and taxes that may be introduced if the management structure changes,” a trader, Emeka Onu, said.
Meanwhile, the Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the complex as part of efforts to engage traders and encourage the reopening of the market.
Before beginning her tour of the facility, the minister urged that the gates of the complex be opened to allow traders access.
She said the visit was aimed at interacting with stakeholders and ensuring the smooth conduct of business activities at the complex.
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