Government move forces closure of Lagos International Trade Fair complex

By Ehichoya Imhanfiabor

Activities at the Lagos International Trade Fair Complex were disrupted on Wednesday as traders shut down the facility in protest over a proposed takeover of the market’s management by state and local government authorities.

The traders expressed concern about the implications of the planned arrangement, particularly the possibility of new levies and taxes that could affect their businesses.

Many of them insisted that the complex is a federal facility and called for wider consultations before any changes to its management structure are implemented.

The development led to the closure of shops across the complex, with hundreds of traders gathering around parks and garages within the market premises while discussions continued.

The Auto Spare Parts and Machinery Dealers Association market within the complex, one of the largest spare parts markets in Lagos, was among the sections affected by the shutdown.

Eyewitnesses stated that the protest began early in the morning as traders locked up their shops and stalls to draw attention to their concerns over the proposed 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 market during the day as part of efforts to engage traders and encourage the reopening of the complex.

Before commencing her tour of the market, the minister urged that the gates of the complex be opened, noting that her visit was aimed at interacting with stakeholders and supporting the smooth conduct of business activities.