Trade Fair traders protest over FG’s move to sell complex vanguardngr.com vanguardnews
at the Lagos International Trade Fair, LSITF, embarked on a peaceful protest, yesterday, to register their displeasure over plans by the Federal Government to concession the market, saying two existing contracts are yet to expire.
The traders, who were drawn from ASPAMDA, Balogun Business Association, BBA; Mandilas, and African Tyre Village, toldthat some parts of the LSTIF were leased out for 50 years while another area was given out for 99 years., Assistant Secretary, Balogun Business Association, Chief Nwachukwu Maduakor, said a protest letter was handed over to the Executive Director, LISTF, Chief Lucy Ajayi, for onward transmission to the Federal Government.
“This is going to be a continuous protest until the Federal Government drops its interest in our leased property. Some property are actually on a lease for 50 years, while others were leased for 99 years. The 50 years lease will expire in 28 years.“We pay land use charge and ground rent yearly through the major markets here. Last year, we decided to go to court because of constant harassment. For now, they haven’t provided us with any documentation of what they want.
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