Alade market, a novelty in market development in Nigeria – Developer


By Gabriel Olawale

The Group Managing Director, Masters Reality International, handlers of the new Alade Market, Lai Omotola, an engineer, has put the cost of the newly built Alade Market in Ikeja area of Lagos state at N2 billion with additional N150 million to be expended on the project before the end of 2017
Speaking at the one year anniversary of the market, Omotola said that the new Alade market remains a novelty in the annals of market development in Nigeria. “This is the first time traders will be relocated even to a better market than the old one they left. When we were appointed, his Excellency gave us a salient assignment. He said he wanted a clean market.

“I believe this market is in tandem with that. He said he wanted a very safe and conducive environment. I think this market also has a pass mark in that regard. And he said he wants a prosperous Lagos and this is a foundation for prosperous traders. Today, we are here to celebrate one year of prosperity as we look forward to many more years of prosperity”, he stated.

Omotola explained that the market presently has about 700 shops of different categories which was subsidized by the state government to make it affordable, “We still have about N150 million for the rehabilitation of the system one canal, fencing of the whole market, electrification, beautification and landscaping.

“This market has become a role model in the sense that people here are very cooperative and civilized. They are people that believe in quality. It’s free of thugs, very secured and regarded as the friendliest market in Nigeria because people come in peacefully to buy and go out peacefully”, Omotola stated.
Sharing their experiences with Vanguard, the Secretary of Alade Market, Mrs. Olajumoke Idowu said that aside from the economic situation of the country, sales in the market was encouraging, adding that the ample space in the market allows their customers to move around freely.

“Some of our customers still come around to buy and there is enough parking spaces with some social amenities.
Mrs. Foluke Kupoluyi, who encouraged some of their other colleagues affected by the relocation to come and explore the opportunities the new market offers, said that they now enjoy bigger and better shops.

“We thank Lagos State government for providing this environment for us. It is better, bigger and we sell more quality products. The only challenge we have presently is access road, we need more link roads to the market”, Mrs. Kupoluyi said.



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