Jankara, Bombata and Pelewura markets in Lagos Island will be fully demolished to allow for urban regeneration of the area.
Governor Babajide Sanwo-Olu made the remarks while inspecting drainage channels on the island on Sunday.
“We’ve come here on a drainage and regeneration call,” Sanwo-Olu explained. During the rainy season, the entire stretch of Idumagbo Avenue is always flooded due to human activity, particularly from the nearby markets. They have built on the canals, preventing free passage of water, thus we must completely rebuild.
Read also
- Soybean coalition targets 80% market boost for protein sufficiency
- NICO advocates for Made-in-Nigeria products to boost local economy
- Kaduna State achieves record revenue growth, driven by tax reforms
- CBN announces free registration for 2024 International Financial Inclusion Conference
- Over 33 million Nigerians face severe food crisis by mid-2025 amid economic strain
- Apply now: SMEDAN clarifies business models vs. business plans for startups
- Haulage expansion goes green with CNG trucks for sustainable transport at cement plant
- Ebonyi State empowers 200 youths in agribusiness to boost economic growth
- EU, Germany launch €17.9M fund to boost Nigeria’s renewable energy
“As a result, in order to allow for proper regeneration of Lagos Island, the Jankara and Bombata markets must close; it will be a ground zero.” As a result, the markets will be cleansed in order to facilitate our urban renewal initiatives. The new market’s design is complete.
“We will, however, provide adequate notice to those in Pelewura market because there are more traders there, but this serves as the first notice.”
“These markets have outgrown and outlived a market in a modern city so they must give way for urban models.”
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.