Traders shut down the Lagos International Trade Fair Complex to protest a proposed takeover of market administration by state and local government officials.

The traders expressed concern about the ramifications of the proposed arrangement, such as potential increased levies and taxes on their operations.

Several traders emphasised that the complex is a federal institution and requested additional consultations before any changes to its management structure were enacted.

The development resulted in the closure of stores across the complex, leaving hundreds of traders gathering around parks and garages on the market grounds as discussions continued.

The ASPANDA Market within the complex—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 market during the day as part of efforts to engage with 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 to traders, stating that her visit was aimed at interacting with stakeholders and supporting the smooth conduct of business activities. (The Sun)