Home News Lagos council inaugurates new market

Lagos council inaugurates new market


LAGOS – the ajeromi ifelodun local government of lagos state has inaugurated a new market to boost its revenue base.
The News Agency of Nigeria (NAN) reports that the market, named after Mrs Folashade Tinubu-Ojo, the Iyaloja of Lagos and daughter of Sen. Bola Ahmed Tinubu, is located at Alaba Suru.
Mr Kunle Olujide, the Stores Manager of the market, told the News Agency of Nigeria (NAN) on Wednesday in Lagos that the market had all necessary facilities for trading.
According to him, the market has 350 lock-up shops and open stores.
It also has facilities like security post, good road network, toilets, eateries, banking facilities, CCTV cameras for security surveillance, ventilated premises and a hall for holding meetings.
“The price of the store ranges from N350,000 and N1.25 million for open stores and lock-up shops respectively for outright purchase.
“This is a good development as it will stop marketers from trading by the road side.
“This will also boost the internally generated revenue of the local government.
“We have finished with the phase one of the market and work will soon start on the second phase,’’ Olujide said.

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But Mr Chibuzor Uzodinma, a trader at the old market, expressed fears that traders might soon be displaced when work begins on the second phase of the market project.

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“We do not know when they will come for us though some of us have gone to apply for allocation in the new market.
“But not all of us can afford it.
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“We hope the council will give us more time to pay and secure our own shops,’’ he said.
Another trader, Mr Ifeanyi Nwachukwu, told NAN that the market project was a good development.
He, however, appealed to the local government authorities to make the shops available at an affordable rate. (NAN)

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