According to the popular definition, Market is a place where goods and services are bought and sold. It’s a meeting point for buyers and sellers. Markets can be described as Modern or Shanty.
In Nigeria, only few markets can be described as Modern. Most of the markets that can be described as Modern is the ASPAMDA market along Lagos-Badagry expressway. This market has it facilities in place including car park and banks.
As a way of fighting poor standards, led the past Governor of Lagos State, Babatunde Fashola to build a modern market in all the existing markets. For example the Yaba market is now a modern market. The Alaba market is under construction.
Although the public said the stalls are expensive to acquire but it still outshines the shanty nature of our markets where there were no planning. Laudable as this project may be, the cost of acquiring these stalls becomes worrisome. For example, the stalls in Alaba market go for as high as 2million naira, an initial deposit.
Then after 17 years money will be paid which was not stated. The question being asked is why give 17 years for another payment. Why not state an amount and allow the buyers to pay over the years like a loan and how many Nigerians can afford that kind of money if not the rich.
