Thursday, March, 12 2026 - Operations at the Lagos International Trade Fair Complex were disrupted on Wednesday as traders closed their shops in protest against a proposed management takeover by state and local government authorities.
The traders expressed concerns that 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 modifications to its management
structure are 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.
Eyewitnesses reported that 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.
In response 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, emphasizing that her visit was meant to interact with
traders and support the smooth running of commercial operations.
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