Business activities were halted on Wednesday at the Lagos International Trade Fair Complex after traders shut down shops and staged a protest over an alleged plan by authorities to take over the management of the facility.
The protest disrupted commercial operations across the sprawling trade hub located along the Lagos–Badagry Expressway, as hundreds of traders locked their shops and gathered in groups to express their concerns.
Traders insisted that the complex remains the property of the Federal Government of Nigeria, arguing that any restructuring of its management should involve proper consultation with stakeholders operating within the market.
Many of them said they were worried that the proposed arrangement involving state and local government authorities could lead to the introduction of new levies and taxes. According to the traders, such charges could place additional financial pressure on businesses already grappling with rising operating costs.
The shutdown affected several sections of the complex, including the ASPANDA Market, widely regarded as one of the largest spare parts markets in Lagos.
Eyewitnesses said the protest began early in the morning, with traders refusing to open their shops in a move aimed at drawing attention to their grievances. Groups of traders were also seen gathering around parking areas and garages inside the complex while discussing the situation with market leaders.
One trader, who identified himself as Emeka Onu, said the traders were not opposed to development but feared the consequences of a change in management structure.
“We are not against development, but we are concerned about the possible levies and taxes that may be introduced if the management structure changes,” he said.
Amid the tension, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, visited the complex to meet with traders and address their concerns.
During the visit, the minister appealed for calm and urged traders to reopen the gates of the market. She explained that her visit was aimed at engaging directly with traders and other stakeholders to ensure that business activities continue without disruption.
Officials accompanying the minister also held discussions with representatives of the traders as part of efforts to resolve the dispute and restore normal operations.
The Lagos International Trade Fair Complex is one of Nigeria’s largest commercial centres, hosting thousands of traders dealing in electronics, auto parts, household goods and other commodities.