Lagos - Members of the Lagos State House of Assembly, have approved the demolition of the Ogba Retail Market.
The demolition of the more than 500 shops paves way for the construction of a modern three-storey market complex by the Ojodu Local Council Development Area.
The demolition approval followed a report of an agreement reached between traders in the market and the council development area.
Bisi Yusuf, Chairman of the Assembly's Committee on Transportation, Commerce and Industry, presented the report that members of the assembly unanimously approved.
The report signed by all the parties involved, is sequel to a petition by the traders in the market alleging that the chairman of the local council, Julius Oloro, had ordered the demolition of the market without consulting with the traders.
The committee began work on the petition in September.
The report, which said the chairman and the traders had now found a common ground, also states that when completed, the prices of the shops would range from N1 million to N5 million with 25 percent rebate for previous shop owners.
The report also recommended that previous shop owners should make 20 percent down payment of the amount for a particular shop while the remaining 80 percent of the amount be spread within a period of two years without interest.
The House also agreed that the new market should accommodate pepper, yam, fish, meat and vegetable sellers as it used to be before the demolition and reconstruction.
While stressing that necessary consideration be given to some shop-owners that once bought containers in the market from the former developer of the market, the report also ordered that the sum of N150 000 should be given to shop owners that do not want to be relocated to containers in the in interim, as compensation.
The committee said it observed that the market needed urgent renovation to meet the state's mega-city status.
The former developer of the market had already sold some spaces in the market, a move traders initially objected.
According to a report, while construction is on, the traders would be relocated to an alternative site close to the market so that they could still retain their customers.
- CAJ News
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