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Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops

by Adebayo Waheed
August 4, 2025
in News
Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops

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The Oyo State government has debunked allegations that it has replaced the car park at Bola Ige international business complex, popularly known as Gbagi Market with new shops and extorted money from unsuspecting traders, overnight.
The commissioner for investment, trade, cooperatives and industry, Adeniyi Adebisi, who noted that the misleading report was published by a certain online blog and subsequently circulated on social media, said the claim was entirely false, mischievous, and an intentional misrepresentation of an ongoing, well-planned redevelopment project.
He said the Gbagi market redevelopment effort was being spearheaded in phases by the Oyo State government, under the supervision of the ministry of investment, trade, cooperatives and industry, in close partnership with the market leadership and representatives of zonal traders’ associations.
Adebisi said the portion of land being referred to was not an official car park but an underutilized area, prone to illegal vending and security risks.
The commissioner said following broad consultation with stakeholders, it was approved for formal stall development to promote orderliness and improve access and safety within the market environment.
“Furthermore, No part of the main designated car park has been taken over or eliminated. The new shops are not situated in the core vehicle parking zone, he said.
“Allocations were not made secretly or overnight, but through a transparent and documented process, coordinated by the leadership of the traders and relevant government departments.
“Standardised shop allocation fees were communicated in advance to interested traders with options to opt in or out—there is no evidence of “coerced” payments as wrongly alleged’, he added.
He reiterated that no trader will be unjustly displaced, and the project will be executed in line with the master plan agreed upon with all key market stakeholders.
Adebisi urged members of the public, particularly media outlets, to verify facts before spreading reports capable of inciting public unrest or misleading residents.

Author

  • Olushola Bello
    Olushola Bello

Tags: Oyo Govt Denies Converting Bola Ige Market Car Parks To Shops
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