President General of Alaba International Market Ojo Lagos, Chief Camilus Amajuoyi, has announced the market’s members will not participate in the planned nationwide protests.
He clarified this decision was not due to a lack of awareness of the current harsh economic conditions but stems from a belief that mass protests may not be the appropriate solution at this time.
Amajuoyi emphasised that many traders in the market rely on daily income and cannot afford to disrupt their business activities.
He pointed out that the informal sector, which includes many market members, has been severely affected by the tripling cost of doing business, with no government palliatives, incentives, or interest-free loans to alleviate their struggles.
He however expressed his confidence in President Bola Ahmed Tinubu’s ability to address the nation’s pressing issues.
“The fluctuating exchange rates and high costs of duties at national ports, coupled with increased transportation expenses, have made it nearly impossible for business owners to plan effectively. These factors have contributed to the sharp rise in the prices of goods and services across the country.
“These are realities staring Nigerians in the face, from the North, East west and South of the nation. Even at that, we members of Alaba International market unequivocally state that we are not going to partake in any planned protest in Nigeria, we are not closing our market in solidarity with any group or persons with regard to any protest.
“We believe that President Bola Ahmed Tinubu will definitely find a lasting solution to the numerous challenges facing Nigerians now, ranging from insecurity, high cost of food, drugs, transportation, bad roads, corruption among other things,” Amajuoyi said.
