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 popular trade hub located along the Lagos–Badagry Expressway.
Hundreds of traders closed their shops and stalls, leaving the usually busy complex largely quiet as they gathered in groups to express their concerns over the proposed move.
Many of the traders insisted that the complex remains a federal government property. They argued that any attempt to restructure its management must involve proper consultation with stakeholders operating within the market.
According to several traders, the planned arrangement between state and local government authorities could introduce new levies and taxes. They fear such charges may place additional financial pressure on businesses already struggling with rising operational costs.
The shutdown affected several sections of the market, including the well-known ASPANDA Market, widely regarded as one of the largest spare parts markets in Lagos.
Eyewitnesses said the protest began early in the morning. Traders reportedly locked their shops and refused to open for business as a way of drawing attention to the issue.
Some of them gathered around parking areas and garages inside the complex while holding discussions with market leaders about the situation.
“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.
Amid the tension, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the complex to engage with traders and address their concerns.
During the visit, the minister appealed for calm and urged that the gates of the complex be reopened. She explained that her presence was aimed at interacting with traders and other stakeholders to ensure business activities continue without disruption.
Officials accompanying the minister also held discussions with market representatives as part of efforts to resolve the dispute and restore normal operations within the complex.
The Lagos International Trade Fair Complex remains one of the largest commercial centres in Nigeria, hosting thousands of traders dealing in electronics, auto parts, household goods and other commodities. See More