LAGOS, JULY 24, 2016 – Wife of the Lagos State Governor, Bolanle Ambode at the weekend commissioned the N1.876 billion new Alade Market built by Master Reality International Concept Limited.
The new market has 504 shops, 200 K-Clamps, 20 toilets, 350 KVA and 150 KVA generators and three boreholes to provide water for the traders. Traders in the old Alade Market have been relocated to the new market.
Commissioning the market in Ikeja, Lagos, Southwest Nigeria, Ambode charged the traders to keep the market clean and ensure that squatters were not allowed to take over the market.
“It is very important for you to note that this complex is a market and the shops are allocated to you to keep and sell your goods. They are shops and not residential apartments. Please, do not convert them to living quarters.
“At the end of each trading day, ensure that you lock up your stalls and return home. You must keep your stalls, the surrounding and the entire market clean. Cleanliness is of essence and you should not tolerate a filthy environment,” she said.
Sole Administrator, Ikeja Local Government, Abiodun Taiwo said the new Alade Market was a dream come true as the traders from the old market had been relocated to the new market, while the old market would be developed into a mega shopping mall befitting the mega-city status of Lagos.
According to him, it was the late Iya-oloja General of Nigeria, Abibat Mogaji who developed the template for the new market, adding that contrary to speculations outside, the new market had all the modern facilities to make life worthwhile for the traders.
The Iya-oloja General of Nigeria, Folashade Tinubu-Ojo said there was resistance when the development of the new market started because of fear of the unknown among the traders, but noted that series of meeting held deflated the fear in them.
Developer of the market, Lai Omotola, Chief Executive Officer, Master Reality International Concept Limited said under the leadership of Mogaji, the template to relocate the traders to a new market was set.
“We can say the relocation was successful because it was not as a result of fire outbreak or looting of the market. The relocation took a peaceful order where traders were allowed to relocate all their belongings before the eventual sealing of the market. Despite the confrontation from few traders, we were careful not to be provoked.
“There was no single act of violence during this period and the transition from the old Alade Market to the new Alade Market was seamless. Trading started in the new market even before the complete relocation,” he said.
Omotola added that there was already visible evidence that the market would be prosperous as rent for shop had skyrocketed from N300,000 to N450,000 per annum and that all shops had been over-subscribed.
