Activities at the Lagos International Trade Fair Complex were disrupted on Wednesday as traders shut down operations 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 affect their businesses.
Many of them maintained that the complex is a federal government facility and called for broader consultations before any changes to its management structure are implemented.
The protest led to the closure of shops across the complex, with hundreds of traders seen gathered around parks and garages within the market premises while discussions continued among stakeholders.
Sections of the complex, including the ASPANDA Market —one of the largest spare parts markets in Lagos—were affected by the shutdown.
Eyewitnesses said the protest began early in the morning when traders locked 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, the Minister of Industry, Trade and Investment, Jumoke Oduwole visited the complex during the day as part of efforts to engage traders and encourage the reopening of the market.
Before commencing her tour of the facility, 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.
