Business
Traders Decry Poor Patronage Over Bad Road
Some traders at the Lagos Trade Fair Complex have expressed concern over the inaccessibility of the road that leads to the consortium of markets located within the Lagos Trade Fair Complex.
The traders, in interviews with The Tide’s source said the poor state of the Lagos-Badagry Expressway that leads to the market had made buyers to avoid the complex.
Reports say that the road which has been under construction since 2006, has been abandoned since four years ago, thereby making people go through enormous difficulties coming to the market.
The President, Balogun Business Association (BBA), one of the markets located in the Mr Tony Obi complex, said that the condition of the access road has made coming to the market a nightmare.
“The worst is that the entrance to the market from the road has become so bad that articulated vehicles, laden with goods constantly fall there because of potholes and gullies.
“Customers now rarely come to the market. Since the rains began, we have not been making sales, customers don’t patronise us again and this is worrisome.
“We are appealing to both the Federal Government and the Lagos State Government to do something about the road to enable us continue to be able to earn a living,” Obi said.
A dry fish importer, Mrs Nkechi Akanwa, said that her last stock of one hundred and thirty cartons lasted for two months with most of it getting spoilt.
According to Akanwa, if there is patronage such a stock will ordinarily not last up to two weeks in her shop and it will all be sold.
“I have customers that come from Ghana and other neighbouring countries to purchase goods from me, but for some time now, they have stopped coming, even the ones from within the country are no le onger coming too,” he said.
The fish merchant, who attributed the low patronage to the bad state of the road, said that if the situation should continue, the traders would not be able to pay for shop rates and cater for their immediate responsibilities.
She called on the management of the Trade Fair Complex to provide palliatives at the entrance of the market, to assist vehicles owners coming to the market.
According to reports, reports that the newly inaugurated Lagos State governor, Babajide Sanwo-Olu, has assured Lagos residents that rehabilitation work would commence on the Lagos-Badagry Expressway, from Mazamaza to Okokomaiko this month.
The governor, announced this during an inspection visit to the Expressway, last week.
“We will ensure that we firm up discussions with the China Civil Engineering and Construction Company (CCECC) and they are able to move back to site, because work has been abandoned here for almost four years,” he said.
Sanwo-Olu noted that despite the completion of the highway from the National Theatre to Mazamaza, indiscriminate dumping of refuse and misuse of the road by traders, have made the route impassable.
He assured that a massive clean-up would take place in the following weeks. “We started the journey from Orile-Iganmu through Mazamaza, and finally here at the Trade Fair.
“The road from National Arts Theatre up to Mazamaza has actually been done, he said.
The governor expressed regret that the heaps of refuse littering the area had made it difficult to appreciate what had been done.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics3 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business3 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports3 days agoJ And T Dynasty Set To Move Players To Europe
-
Business3 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics3 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics3 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business3 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment3 days agoAdekunle Gold, Simi Welcome Twin Babies
