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No plan to close Gbagi Market – Oyo

The Oyo State government has denied speculation that the Bola Ige International Business Complex, popularly known as Gbagi Market in Ibadan, would be shut down on Monday today.

The clarification came through a statement issued on Sunday by the state’s Commissioner for Investment, Trade, Cooperatives, and Industry, Adeniyi Adebisi.

He reassured traders and the public that business operations at the market would continue as usual.

“The rumour, according to him, is false, baseless, and a deliberate attempt by miscreants to cause unnecessary tension within the business community. The Bola Ige International Business Complex remains a hub of commercial activities in the state, and at no point did the government contemplate shutting it down. We urge traders and the public to disregard this misleading information being spread by unscrupulous elements whose aim is to disrupt peace and normal business operations. Normal activities will continue without any hindrance on Monday and beyond,” Adebisi said.

He further noted that the state was taking steps to protect the interests of all categories of traders and ensure the market environment remains conducive for business.

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Supporting the commissioner’s position, the Permanent Secretary of the ministry, Olajide Okesade, explained that security measures had been put in place to maintain peace at the market.

“The ministry wishes to assure all traders, customers, and stakeholders that there will be no closure of the Bola Ige International Business Complex on Monday. The rumour is unfounded, and everyone should go about their normal business without fear. The government remains committed to protecting the interests of traders and ensuring the smooth running of all markets and business complexes across the state,” he said.

Both officials encouraged stakeholders to ignore unverified reports and continue their commercial activities without fear of disruption.

Francis Ikuerowo
Francis Ikuerowo
Francis is a multimedia journalist at News Round The Clock with years of experience covering education, health, lifestyle, and metro news. He reports in English, French, and Yoruba, and is a 2024/25 Writing Fellow at African Liberty. He also holds certifications in digital journalism and digital investigation from Reuters Institute and AFP. You can reach him at: francis.ikuerowo@newsroundtheclock.com.

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