• Contact Us
  • About Us
Tuesday, July 21, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Companies and Markets

Lagos Trade Fair Complex: Stakeholders want BPE to respect lease agreement

metro by metro
March 20, 2019
in Companies and Markets
0
0
SHARES
0
VIEWS

Lagos Trade Fair ComplexThe stakeholders of the 13 markets within the Lagos International Trade Fair Complex on Wednesday urged the Bureau of Public Enterprise (BPE) to respect the existing lease agreement on the complex.

The News Agency of Nigeria (NAN) in Lagos reports that the traders on March 18 embarked on a protest to press home their demand for the BPE to comply with the agreement on the concession.

Read Also

Transcorp Power’s H1 Pre-tax Profit dips 6.37% to N54.99bn Amid High Expectations

Apple Overtakes Nvidia As World’s Most Valuable Company As AI Investor Focus Shifts

S&P Dow Jones Places Nigeria on 2027 Frontier Market Watchlist, Signals Growing Confidence in Capital Market Reforms

The Spokesman for the group and President of Balogun Business Association (BBA), Mr Tony Obi, said that there was an existing lease agreement between the Federal Government and the traders.

Obi told NAN that the traders leased the place from the Federal Government for a period of 50 years and still up to 26 years for it to lapse.

According to him the case has been lodged in court, but the government is yet to respond  filing its position for the proceeding to begin.

He said that the protest on Monday was to raise awareness on the secret plan of BPE to concession the place in disregard to court’s proceeding.

“This whole place was open without facilities; it is the traders that have so far committed about N70 billion to make the place what it is today. So for anybody or agency to come now and displace the traders will be resisted.

“We have 180 thousand persons earning living from these markets and the government is talking of employment creation you can imagine how many that will lose jobs if such concession plan is allowed to work.

“We are not against government concession plan, but they should go and concession those areas in the complex that are yet to be developed,” he said.

Obi said that a protest letter had been presented to the Executive Director of the complex, Mrs Lucy Ajayi, for onward presentation to the Federal Government.

Mr Mela Audu-Nunghe, the Chairman, Lagos Trade Fair Management Board, in an interview with NAN said that the protest letter was yet to get to him.

According to  Audu-Nunghe,  the protest is unnecessary for  because I am aware  the traders have gone to court against the concession process of the complex by the BPE.

“I do not see any basis for the protest having lodged their grievances in the court of law.

“They cannot embark on a political means to obtain a legal redress of their problem.

“Though I commend them for the maturity they conducted the protest as it was peaceful nevertheless the protest was unnecessary,” he said.

He urged the traders to allow the law to take its course on the matter.

Tags: Lagos Trade Fair Complex
Previous Post

Palace, 46 houses destroyed as rainstorm wreaks havoc in Ekiti

Next Post

I have not left PDP — Agbaje

Related Posts

Transcorp Power’s H1 Pre-tax Profit dips 6.37% to N54.99bn Amid High Expectations
Companies and Markets

Transcorp Power’s H1 Pre-tax Profit dips 6.37% to N54.99bn Amid High Expectations

July 19, 2026
Apple Overtakes Nvidia As World’s Most Valuable Company As AI Investor Focus Shifts
Companies and Markets

Apple Overtakes Nvidia As World’s Most Valuable Company As AI Investor Focus Shifts

July 17, 2026
Companies and Markets

S&P Dow Jones Places Nigeria on 2027 Frontier Market Watchlist, Signals Growing Confidence in Capital Market Reforms

July 10, 2026
Trump
Companies and Markets

Oil Surges, Stocks Tumble As Trump Declares Iran MOU ‘Over’

July 8, 2026
Next Post

I have not left PDP — Agbaje

Three Chinese Nationals Arrested Over Alleged Illegal Mining In Nasarawa

Three Chinese Nationals Arrested Over Alleged Illegal Mining In Nasarawa

July 20, 2026
‘They Are After My Life, I’m Not Safe’ – Alleged Fake Presidential Council Boss Breaks Silence From Hiding

Gbajabiamila Appears Before ICPC Over Alleged Fake Presidential Agency Probe

July 20, 2026
Houthis Announce Saudi Naval Blockade, Threatening New Front In US-Iran War

Houthis Announce Saudi Naval Blockade, Threatening New Front In US-Iran War

July 20, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version