LASG, Igbo markets to ensure infrastructure development in marketplaces 

LASG, Igbo markets to ensure infrastructure development in marketplaces 

Thursday, October 17, 2019 11:44 pm

L-R: Commissioner for Economic Planning and Budget, Mr Sam Egube; Executive Director, Lagos & South West, Fidelity Bank, Mrs Nneka Onyeali-Ikpe; Lagos State Deputy Governor, Dr Obafemi Hamzat; Governor Babajide Sanwo-Olu; GMD, Fidelity Bank, Mr Nnamdi Okonkwo and Commissioner for Commerce, Dr Lola Akande, during the Governor’s consultative meeting with leaders of Markets in Alaba-Trade Fair axis, on Thursday.


The Lagos State Government says it is partnering with Igbo market leaders in Lagos West Senatorial District to ensure infrastructure development in marketplaces in the area.

Lagos State Governor, Mr Babajide Sanwo-Olu, said in a statement on Thursday that the consultative meeting with Igbo market leaders from Alaba, Trade Fair axis in Lagos West Senatorial axis was coordinated by Managing Director, Fidelity Bank, Mr Nnamdi Okonkwo.

He said that the meeting centred around the state government’s plans to improve security and upgrade infrastructure around the markets.

Sanwo-Olu said that the discussion was aimed at fostering collaboration with the traders and to carry them along in the plans of the government.

The governor said he was not satisfied with the conditions under which businesses were conducted in the markets.

He expressed disappointment over the state of roads and absence of relevant public facilities around the markets.

Sanwo-Olu said his administration was prepared to change the condition by investing in infrastructure that would improve the quality of lives and commercial activities in the area.

”We have just finished an interactive meeting with the leaders of various markets around Alaba, ASPAMDA, Trade Fair areas in Lagos West Senatorial District and the discussion was coordinated by our friend in the banking sector, Fidelity Bank.

”We all agreed that we all have roles to play to address infrastructure and other challenges around the markets.

”As a government, we are taking up the responsibility to design an all-inclusive model that will improve the economic wellbeing of people around the markets.

”Once we put infrastructure in place, not only would businesses flourish, employment will also be created,” he said.

Sanwo-Olu said that his administration would construct network of roads surrounding the markets.

The governor said that part of the government’s long-term plan was also to complement the efforts with provision of amenities, including fire stations, clinics, general hospitals and security units that would aid commercial activities in the markets.

Sanwo-Olu said the market leaders agreed to work with the government on documenting all businesses in their respective jurisdictions, which would facilitate easy payment and collection of tax for developmental purposes.

”We had conversations around being socially responsible. So we will see the traders living up to the expectations in terms of doing what they are meant to be doing to support government in the areas of their taxes, wages and levies.

”We also want to eliminate multiple taxations; any agency that is not meant to be around the market will be stopped.

”We also discussed security issues, and I assured that government would help to improve on the security of lives and property in the area and the state in general.

”We will address the menace of Okada riders all around those markets. We will also ensure that the work that is going on around Lagos-Badagry Expressway is well coordinated, so that they can have some relief at various periods of the day, even when construction is going on,” he said.

According to him, chairmen of local councils in which the traders operate will be invited to subsequent discussions before the start of regeneration work across the markets within the senatorial district.

Fidelity Bank’s Managing Director, Mr Nnamdi Okonkwo, commended Sanwo-Olu for partnering with the market leaders to drive the regeneration programme.

Okonkwo said that the governor understood the importance of engagement in leadership.

”Fidelity Bank was one of the first banks to open in the area and we understand their challenges from the extensive engagements we do have with them.

”We bank most of them and when there are issues we come together to interact and find solutions. This is exactly the approach that Governor Sanwo-Olu is using today.

”The governor has outlined a course of action and we also use our knowledge of their needs and working in collaboration with the government, to come up with a model that will work for all stakeholders.

”The traders are ready to take this collaboration to the end and make sure they have better market conditions so when they want to pay their taxes, they will pay them happily,” he said.

President General of Alaba Amalgamated, Chief Fabian Ezeojika, said the discussion with the governor and his deputy was fruitful, promising to mobilise traders to respect the agreement made with the state government.

Markets and dealers represented at the meeting included Alaba International Market; Auto Spare Parts and Machinery Dealers Association (ASPAMDA); BBA Trade Fair; Alaba Fancy and Furniture Dealers, and Electrical Dealers Association of Nigeria (EDAN), among others.

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