Activities at the Lagos International Trade Fair Complex were disrupted on Wednesday as traders shut down the facility in protest against a proposed takeover of the market’s management by state and local government authorities.
The traders expressed concern over the implications of the planned 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 facility and called for broader consultations before any changes are made to its management structure.
The protest led to the closure of shops across the complex, leaving hundreds of traders gathered around parks and garages within the market premises as discussions continued.
The ASPANDA Market—one of the largest spare parts markets in Lagos—was among the sections affected by the shutdown.
Eyewitnesses said traders began the protest early in the morning by locking 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 complex as part of efforts to engage traders and encourage the reopening of the market.
Before beginning her tour of the facility, the minister urged that the gates of the complex be opened, explaining that her visit was intended to interact with stakeholders and support the smooth conduct of business activities.
