Traders at the Lagos International Trade Fair Complex on Wednesday shut down business activities while protesting an alleged plan by authorities to take over the management of the facility.
The protest disrupted commercial activities across the busy trade centre located along the Lagos–Badagry Expressway.
Hundreds of traders closed their shops and stalls, leaving the usually crowded complex quiet as they gathered in groups to express their concerns about the proposed plan.
Many of the traders insisted that the complex is a property of the Federal Government. They argued that any attempt to change or restructure its management should involve proper consultation with traders and other stakeholders operating in the market.
Some traders also said the proposed arrangement between state and local government authorities could introduce new levies and taxes. They expressed fear that such charges could create more financial pressure on businesses already struggling with rising operational costs.
The shutdown affected several parts of the market, including the ASPANDA Market, which is widely known as one of the largest spare parts markets in Lagos.
Eyewitnesses said the protest started early in the morning when traders locked their shops and refused to open for business in order to draw attention to the issue.
Some traders gathered around parking areas and garages inside the complex while discussing the situation with market leaders.
“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 who identified himself as Emeka Onu said.
During the protest, the Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the complex to speak with the traders and address their concerns.
The minister appealed for calm and asked that the gates of the complex be reopened. She explained that her visit was meant to interact with traders and other stakeholders and ensure that business activities continue without disruption.
Officials who accompanied the minister also held meetings with market representatives as part of efforts to resolve the dispute and restore normal business operations.
The Lagos International Trade Fair Complex is one of the largest commercial centres in Nigeria and is home to thousands of traders dealing in electronics, auto parts, household goods and other products.
