Business
How 3 fire outbreaks in 9 months wreck Okobaba traders
Many residents and several traders who lost everything they owned to the fire outbreak of Wednesday, January 5 at Okobaba, in Ebute-Metta area of Lagos, had seen their properties gutted in a similar way about six months ago. The latest fire incident was the third of such fatal cases in just nine months.
Counting their losses, those affected in the recent fire outbreak put their combined losses at an estimated N400 million. They said in the last nine months they have lost over one billion naira to fire outbreaks in the area.
The fire of January 5, which started about 11am, razed over 500 properties belonging to about 2,000 traders, majority of whom are struggling to eke out a living by selling planks, keys and nails.
The Okobaba sawmill is one of the biggest sawmills in Nigeria, contributing about 80 to 90 per cent of woods used in Lagos State. Located at the Lagos lagoon in Ebute Metta, the sawmill accommodates over 2, 000 sawmill operators.
-
Latest1 week agoFull List: Meet the 2026 Nobel Prize winners across six categories
-
Football1 week agoPremier League Matchweek 7: Five Fixtures That Could Shape the Weekend
-
Business6 days agoDangote Refinery IPO: 70% Subscription claim meets fourfold demand assertion as investors seek clarity
-
Latest7 days agoUmahi defends Lagos-Calabar highway route changes amid public outcry
-
Business7 days agoDangote Refinery IPO Extension: Was the 70% subscription report overhyped?
-
Latest5 days agoUCTH faces morgue crisis as 50 unclaimed corpses await mass burial
-
Featured2 days agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Business5 days agoBREAKING: Nigeria’s Inflation Rate Drops to 14.63% in September


