Traders Shut Shops at Lagos Trade Fair Complex Over Proposed Management Takeover
Kehinde Adeleye
Business activities at the Lagos International Trade Fair Complex were disrupted on Wednesday as traders shut their shops to protest a proposed management takeover by state and local government authorities.
The traders said they were worried that a change in management could introduce new levies, taxes, or regulations that might negatively affect their businesses.
Many of them insisted that the complex is a federal facility and called for wider consultations before any changes to its management structure are implemented.
The protest led to a widespread shutdown across the market, with hundreds of traders gathering in open spaces and parking areas within the complex to discuss the situation.
The ASPANDA Market, one of Lagos’ largest spare parts trading hubs located within the complex, was among the areas most affected.
Eyewitnesses said the demonstration started early in the morning, with traders locking up their stalls to draw attention to their concerns.
“We are not against development, but we are worried about the possible levies and taxes that may be imposed if the management structure changes,” said Emeka Onu, a trader at the complex.
In response to the disruption, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the market to engage with stakeholders and encourage traders to reopen their shops.
Before touring the complex, the minister called for the gates to be reopened, explaining that her visit was aimed at speaking directly with traders and supporting the smooth running of business activities.
