Operations at the Lagos International Trade Fair Complex were disrupted on Wednesday as traders closed their shops in protest against a proposed management takeover by state and local government authorities.
The traders expressed concerns that the change could lead to new levies, taxes, or regulations that might negatively affect their businesses.
They insisted that the complex is a federal facility and called for more consultations before any modifications to its management structure are implemented.
The protest led to a shutdown across the market, with hundreds of traders gathering in open areas and parking lots to discuss the situation.
The ASPANDA Market, one of Lagos’ largest spare parts hubs located within the complex, was particularly impacted.
Eyewitnesses reported that the demonstration began early in the morning, with traders locking up their stalls to draw attention to 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,” Emeka Onu, a trader at the complex said.
In response to the disruption, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the market to engage with stakeholders and encourage traders to resume business activities.
Before touring the complex, the minister urged that the gates be reopened, emphasizing that her visit was meant to interact with traders and support the smooth running of commercial operations.
Traders shut Lagos International Trade Fair Complex
