National Economy
Monday, November 24, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

Obi Slams Lagos Trade Fair Demolitions, Alleges Lack of Due Process

by Clement Uzo
October 1, 2025
in Business
2JR9PMD Peter Obi, Presidential candidate of the Labour Party, speaks during an interview with Reuters at his residence in Lagos, Nigeria August 18, 2022. REUTERS/Temilade Adelaja

2JR9PMD Peter Obi, Presidential candidate of the Labour Party, speaks during an interview with Reuters at his residence in Lagos, Nigeria August 18, 2022. REUTERS/Temilade Adelaja

Labour Party presidential candidate in the 2023 elections, Peter Obi, has condemned the demolition of plazas at the Lagos International Trade Fair Complex, Ojo, describing the exercise as unjust and economically destructive.

The demolitions were carried out by the Lagos State Ministry of Physical Planning, alongside the Lagos State Building Control Agency, Lagos State Urban Renewal Agency, and the Lagos State Physical Planning Permit Authority.

Obi, who visited the site in the company of lawmakers including Senator Enyinnaya Abaribe (Abia South) and Senator Victor Umeh (Anambra Central), said the plazas were demolished despite traders presenting valid approvals.

“I must commend the traders for their remarkable restraint and calm in the face of such painful loss,” Obi said, adding that several senators and members of the House of Representatives had pledged to investigate the circumstances of the demolition to prevent a recurrence.

He urged governments at all levels to exercise fairness, compassion, and justice in dealing with citizens, especially during a period of widespread economic difficulty.

YOU MAY ALSO LIKE

AI Could Add 1% to Global Growth, IMF Chief Tells G20

Effective Facilities Management Practice For Optimal Performance

“Many of the affected traders invested heavily often through loans in the hope of securing their livelihoods and contributing to the wider economy,” Obi noted. “To destroy such legitimate investments without due process is not only unjust but also economically destructive.”

The former Anambra State governor stressed that a nation aspiring to progress must protect enterprise, encourage productivity, and uphold the dignity of its citizens.

“Incidents like this should have no place in a nation that aspires to fairness, stability, and shared prosperity,” he added.

Author

  • Olushola Bello
    Olushola Bello

Tags: Obi
ShareTweetShare

OTHER GOOD READS

Experts Warn: Banking Without AI Is A Losing Strategy
Technology

AI Could Add 1% to Global Growth, IMF Chief Tells G20

2 hours ago
Effective Facilities Management Practice For Optimal Performance
Business

Effective Facilities Management Practice For Optimal Performance

3 hours ago
TotalEnergies Backs NUPRC Reforms, Signals Interest in 2025 Licensing Round
Business

TotalEnergies Backs NUPRC Reforms, Signals Interest in 2025 Licensing Round

3 days ago
Next Post
Dangote Hails Tinubu Over NNPCL Leadership Choice

Dangote Group To Redeploy Sacked Refinery Workers After Government Intervention

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved