Business
Traders Urge Ambode To Reopen Lagos Market
Yam traders at Mile 12
Market in Lagos on Saturday appealed to Governor Akinwunmi Ambode to reopen the market in order to save their businesses from ruin.
Some of the yam traders told newsmen in separate interviews that their investments in the business was at the verge of total ruin.
They said that since the governor announced the closure of the market on March 4, their goods in the market were all going bad.
The Tide source recalls that Ambode ordered the closure of the market following the violence that erupted in the market on March 3 and March 4.
Our correspondent also recalls that the violence claimed lives of many and destroyed property.
Mrs Adunni Taiwo, regretted investing huge amount of money to buy yams all the way from the North and brought to the state only to experience market closure.
“Had I know, I would have just gone to buy yams from Abuja at this time.
“The money I am using to trade was borrowed with interest on it and the interest is running.
“I want to beg our responsible governor to help us and consider the losses we had incurred since. We regret what has happened,’’ she said.
Taiwo said that a truck of yams had been stationary at Ibafo Area, Ogun State since without a place to off load or sell them.
According to her, many of the yams had spoilt in the vehicle because of heat.
Another yam seller, who simply identified herself as Mama Tobi, said that she had run into great loss as many of her yams were wasted.
According to her, many of our yams are already spoilt in the vehicle because we cannot come into the market where these yams could be off loaded.
She said the trucks conveying their yams were packed under a tree along Lagos-Ibadan Expressway.
“We have engaged the service of some local security agents to help us watch over the vehicles.
According to her, nothing less than 15 trucks of yam are about to be wasted, as these vehicles are parked outside due to the closure of the market.
Another yam seller, who simple called herself, Iya Deyemi said, only God can make us recover from these losses.
“We see what we use our precious money to buy going bad before our eyes. We want the governor to reopen the market and punish the culprits.
Baba Ayo, another yam seller, said that rather than crippling the economic activities for many days, the government should tackle whatever that led to the violence and punish the perpetrators.
He called on the Lagos State Government to move the market away from where it is, if that is government’s intention and that it should do that so fast, “before we lose all our sources of income.
“We cannot continue like this any further, let the government move the market to wherever will be more suitable for them”.
Baba Ayo urged the government to consider the pains and losses many traders of perishable items had incurred since the decision to close the market was taken.
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
King Onunwor