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Work begins on N2bn redevelopment of Ile-Epo Market

Ile-Epo Market redevelopmenet

Work has begun on the N2 billion redevelopment of the popular Ile-Epo Market in Abule Egba area of Lagos.

The market was demolished recently to pave way for a modern market befitting the Lagos mega city status.

The market is being redeveloped by the Agbado Oke-Odo Local Council Development Area (LCDA), in conjunction with Total Value Integrated Limited, the developer providing the funding for the project under a Public-Private Partnership (PPP) agreement.

A visit to the market yesterday revealed that construction has begun in earnest with some of the buildings already in decking stages.

Managing Director, Total Value Integrated Limited, Chris Onyekachi, said much progress was being made in the redevelopment of the market, saying that the first phase would be completed within four months.

Onyekachi said traders who owned shop in the old market would be considered first on completion of the market, as they would be given shops at subsidised rate, adding that the shops would be affordable.

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