Traders shut Lagos International Trade Fair Complex
Traders Protest Proposed Management Takeover at Lagos International Trade Fair Complex
Operations at the Lagos International Trade Fair Complex were halted Wednesday as traders closed their shops in response to a proposed management takeover by state and local government authorities.
The traders voiced their concerns that such a change could lead to increased levies, taxes, or regulations that could adversely impact their businesses. They emphasized that the complex is a federal facility and called for further consultations before any adjustments to its management structure are made.
The protest resulted in the shutdown of the market, with hundreds of traders gathering in open areas and parking lots to discuss their grievances. The ASPANDA Market, one of Lagos’ largest spare parts hubs situated within the complex, was notably affected.
Eyewitnesses indicated that the demonstration commenced early in the day, with traders securing their stalls to raise awareness of their objections. “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 an effort to address the disruption, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the market to engage with stakeholders and encourage traders to return to their business activities.
Prior to her tour of the complex, the minister urged that the gates be reopened, stressing that her visit was aimed at interacting with traders and ensuring the smooth operation of commercial activities.
