Tag
OYINGBO MARKET
Lagos isn’t just Nigeria’s busiest city; it is the beating heart of the automobile spare-parts trade in West Africa. With more than 11 million registered vehicles on Nigerian roads, the country leans heavily on a vast aftermarket economy to keep cars and buses moving.
Despite a strengthening national currency against the US dollar, the upward trajectory of major food item prices persists, further diminishing the purchasing power of the average Nigerian.
The Lagos State Government has announced the re-opening of Ladipo, Oyingbo, Alamatu Ologede and Ile-Epo markets.
The Lagos State Government through the Lagos Waste Management Authority (LAWMA) has sealed the Oyingbo and Alayabiagba markets in Lagos Mainland due to environmental issues.
Lagos State Government has announced plans to shut down Ladipo and Oyingbo markets indefinitely due to traders’ indiscriminate waste disposal.
The report contains information on items that witnessed price increase, price decrease, as well as insights.
The latest household survey carried out by Nairametrics Research has shown a sudden spike in the prices of locally made palm oil, while the prices of Melon and Tomatoes are easing off.
Relative differences in the prices of major goods across the four (4) markets. The markets surveyed include: Mushin Market, Daleko Market, Oyingbo Market, etc.