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Traders Bemoan High Costs Of Newly Constructed Alade Market

Traders Alade Market

Traders in the newly constructed Alade Market located at Awolowo Road, Ikeja, have expressed their dissatisfaction on the high cost of shops in the market which officially opened trading activities on Friday, July 22, 2016.

Speaking with an InsideMainland correspondent, a trader disclosed that the new costs of the shops doubled the amount previously paid to own a shop in the now demolished old Alade Market. “The cost to own a shop in this new market is way beyond what we paid in the old market. To own a shop in the old market costs N150,000 but right now, the new shops goes for between N300,000 to N400,000.”

Another trader who expressed her delight on the aesthetics of the newly constructed market told InsideMainland how difficult it was to gather funds to rent a shop in the market. “I’m very well impressed with the outlook of the new market but the cost of owning a shop back here is way too much.”

“Even though we were informed about the development few months before the demolition of the Old market, it was very much difficult getting funds to rent a shop in the new market to to the increase which doubled the old amount”.

On the difficulty in getting customers in the new market, a shop owner simply identified as Alhaja revealed that she had prepared for emergencies by adopting the “use of text messages and other conventional forms to describe the new location” to her customers.

However, efforts to reach the Iyaloja of the Alade Market for comments on the issues raised by the traders proved futile as at press time.



Idris Aina

Idris is a media and communications professional with keen attention to details. An entertainment enthusiast, he is an ardent fan of the team from the Red Side of Manchester with love for football banters. He tweets with the handle @arlomah.