Ikosi Fruit Market demolished for N2.8bn modern Market


The popular Ikosi-Ketu fruit market in Ketu, Lagos has been demolished amidst sporadic shootings to pave way for an ultra modern market in the area befitting of the Lagos mega city status.
Hundreds of wailing market women claimed that they were not informed about the exercise and were not also allowed to pack their goods as the bulldozers commenced the demolition of the market.
The Ikosi-Isheri Local Council Development Area (LCDA) then awarded the reconstruction of the dilapidated market to Total Value Integrated Service Limited, which is committing about N2.8 billion to reconstruct the market.
Some of the traders lamented that they were informed sometimes ago about the demolition, but said they were not informed a day before the demolition that they were coming to pull down the shops.
One of the local coordinators of the Oodua Peoples Congress, OPC, in the area, Adebowale Adetona, said they were informed some weeks ago that they were coming to demolish the market, but that they did not notify them of the latest development.
But Chris Onyekachi, Managing Director, Total Value Integrated Service Limited, when contacted told newsmen that the traders were given adequate notice to vacate the market for redevelopment, adding that series of meetings were held with the traders union, traditional rulers and council members on the proposed reconstruction of the market.
“We gave them notice three weeks ago which has expired and we gave them another seven days notice to move their wares to other areas of the market. They are aware,” he said.
“We held meetings with the Iya Olojas, Baba Olojas and we agreed on the mode of demolition. Some people kicked against it and because we want peace to reign, we met with the Obas and we saw reasons why the market should be reconstructed.
“Some miscreants don’t want the redevelopment. We are not interested in chasing people away from the market. Those who own shops earlier will be considered first in re-allocation at a discounted rate.
“We want to upgrade the market to meet the Lagos mega city standard and we are doing it in phases. We will not shut the whole market. The development will be in four phases and the market occupies 25 acres.
“We have 18 month duration to rebuild the market and we will invest about N2.8 billion in the reconstruction. The reconstruction of the first phase will begin in January,” he said.