Commercial activities at the Lagos International Trade Fair Complex, on Wednesday, were disrupted following a protest by traders who closed their shops over a proposed management takeover by state and local government authorities.
The protesting traders said 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 modification to its management structure is 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.
According to eyewitnesses, 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.
Responding 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, emphasising that her visit was meant to interact with traders and support the smooth running of commercial operations.
