Business at the Lagos International Trade Fair Complex came to a standstill as traders closed their shops to protest a proposed handover of the market’s management to state and local government authorities.
Traders expressed fears that the move could bring new levies and taxes, potentially affecting their operations. Many emphasized that the complex is a federal facility and called for further consultations before any management changes are implemented.
The demonstration prompted a widespread shutdown across the complex, including the ASPANDA Market, one of Lagos’ largest spare parts hubs. Hundreds of traders gathered in parks and garages within the premises as discussions unfolded.
“We are not against development, but we are concerned about the possible levies and taxes that may be introduced if the management structure changes,” said a trader at the complex.
In response, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the complex to engage with traders and encourage a return to business. She urged the reopening of market gates, emphasizing that her visit aimed to interact with stakeholders and ensure smooth operations.
