Activities at the Lagos International Trade Fair Complex were brought to a halt as traders shut down the market in protest against a proposed plan for state and local government authorities to take over its management.
The traders expressed concerns about the potential consequences of the proposed arrangement, particularly the possibility of new levies and taxes that could negatively affect their businesses.
Many of them maintained that the complex is a federal government facility and insisted that broader consultations should take place before any decision is made regarding changes to its management structure.
As a result of the protest, shops across the complex remained closed, with hundreds of traders seen gathered around parks and garages within the market premises while discussions continued.
The ASPANDA Market, one of the largest spare parts markets in Lagos located within the complex, was also affected by the shutdown.
Eyewitnesses said the protest started early in the morning as traders locked their shops and stalls in order to draw attention to their concerns over the proposed management changes.
“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.
Meanwhile, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the complex during the day in an effort to engage with traders and encourage them to reopen the market.
Before beginning her tour of the complex, the minister appealed for the gates to be opened, explaining that her visit was intended to interact with stakeholders and support the smooth running of business activities.
