TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Onitsha Market Closure: ‘Over N200 billion lost’ as Soludo, traders reach deal

The Citizen by The Citizen
February 1 2026
in Latest News
A A
0
Anambra govt sacks 30 market leaders

Following the closure of Onitsha Main Market by Anambra State governor, Prof Chukwuma Soludo, the market leadership has agreed to stop observing sit-at-home order on Mondays as earlier directed by the state government.
It specifically expressed willingness to comply with the governor’s directive that they begin operation every Monday but highlighted logistics and security challenges.

A statement by the state Commissioner for Information, Mr. Law Mefor, said the Chairman of Onitsha Main Market, Mr. Chijioke Okpalugo, gave the assurance when the governor hosted the traders. The statement said Okpalugo pledged that traders would begin Monday operations in alignment with the governor’s vision for a “One Anambra.”
Also, the traders’ leadership presented several requests to ensure a successful transition.

Their demands include provision of proactive security to protect traders and customers, ensuring motor parks are fully operational to attract buyers from outside the state, and decisive action against individuals who benefit from or facilitate the sit-at-home order.

According to the statement, Governor Soludo reaffirmed his commitment to securing the state’s commercial hubs, promising that the security architecture across all markets would be overhauled to prevent harassment.
“Igbo land and Anambra will move forward,” he declared.

The statement further said Soludo presented a “renovate or rebuild” ultimatum to the traders, offering two options: to level the existing structures and build a new, world-class trading hub or undergo a massive modernisation project.

It further quoted the governor as having said:”For four years, we engaged with you. We discussed, pleaded, and even held prayer sessions with all the churches in April 2022, to end this. It is now time for more action.
‘’The current enforcement of the sit-at-home order has transitioned from a political protest to a criminal enterprise that no longer serves the interests of Mazi Nnamdi Kanu.

Those enforcing the order are largely non-indigenes of Anambra State. Extreme measures would be deployed by government if defiance persists.”

Meanwhile, Chairman of Onistha Chamber of Commerce, Chinedu Nwonu, has disclosed that the market lost more than N200 billion in six days following the closure.

His words:”It is estimated that the market trades between $5 and $10 billion dollars on an annual basis and on a daily basis, between $12 and $15 million dollars. And if one has to convert it to Naira, you are talking about close to N20 billion daily. If you just do simple arithmetic, N20 billion for six days is about N120 billion. The market has lost so much, and that is a direct loss.

“The indirect loss may even be so much when you talk about lost opportunities. If you attach a figure to it, it would not be less than N200 billion in six days.’’

The governor had ordered the closure of the market last Monday following the continued observance of sit-at-home order by the traders.

The order was earlier given by the Indigenous People of Biafra, IPoB, four years ago as part of its advocacy for the realisation of the sovereign state of Biafra.

 

Previous Post

80 Kaduna worshippers return home after escaping abduction

Next Post

Ebonyi boundary killings: Gov Nwifuru shuts schools, banks, imposes curfew

Related Posts

Shari’ah court judge escapes through window as bandits hit courtroom
Latest News

Shari’ah court judge escapes through window as bandits hit courtroom

July 31 2026
Killings: Army orders GOC to relocate to Kwara
Headlines

Army probes leaked DSS memo warning of Adamawa, Borno attacks

July 31 2026
Russia warns against nuclear rhetoric amid Trump row
Headlines

Resident doctors threaten indefinite strike

July 31 2026
Gunmen storm burial event, abduct one in Anambra
Headlines

Gunmen abduct five Ogun State poly students

July 31 2026
Of bandits and their informants/sponsors
Latest News

Kebbi bandit attack leaves four dead, soldier missing

July 31 2026
APM asks FG to account for proceeds of subsidy removal
Headlines

Oyo abduction: Why we tracked, arrested kidnappers’ families –Tinubu

July 31 2026
Next Post
Ebonyi earmarks N5bn for construction of 126 housing units for civil servants

Ebonyi boundary killings: Gov Nwifuru shuts schools, banks, imposes curfew

Nigeria exits FATF grey list, posts N6.69tr trade surplus in Q3

Tinubu’s reforms saved 27 states from collapse – Information Minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

NDDC trains traditional birth attendants to reduce maternal, newborn deaths

NDDC trains traditional birth attendants to reduce maternal, newborn deaths

by The Editor
July 29 2026
0

...

Cross River Igbo community alleges illegal taxation, seeks government intervention

Cross River Igbo community alleges illegal taxation, seeks government intervention

by The Editor
July 27 2026
0

...

Sokoto LG chairman quits APC, resigns from office

Sokoto LG chairman quits APC, resigns from office

by The Editor
July 8 2026
0

...

Bauchi Electoral Commission fixes August 17 for LG election

Bauchi Electoral Commission fixes August 17 for LG election

by The Editor
June 19 2026
0

...

APPOINTMENTS

Rivers State not for political war, says Fubara

Gov. Fubara swears in 12 perm secs, urges commitment

by The Editor
July 31 2026
0

...

Tinubu appoints new special adviser on House of Reps matters

Tinubu appoints new special adviser on House of Reps matters

by The Editor
July 27 2026
0

...

Tinubu appoints Fayose REA chairman, names 25 others

Tinubu appoints Fayose REA chairman, names 25 others

by The Editor
July 20 2026
0

...

Tony Elumelu to step down as UBA chair, bank names successor

Tony Elumelu to step down as UBA chair, bank names successor

by The Editor
July 6 2026
0

...

ODDITIES

Nigerian woman in Canada demands husband swear oath against cheating before visa sponsorship

Nigerian woman in Canada demands husband swear oath against cheating before visa sponsorship

by The Editor
July 23 2026
0

75-year-old man bags 10 years jail for defiling minor

75-year-old man bags 10 years jail for defiling minor

by The Editor
July 16 2026
0

Court remands blogger over defamation of Soludo, son

Court remands blogger over defamation of Soludo, son

by The Editor
July 13 2026
0

GLOBAL NEWS

Ceuta calls for emergency as thousands of migrants cross into Spanish territory

Ceuta calls for emergency as thousands of migrants cross into Spanish territory

by The Editor
July 31 2026
0

...

Ghana bans use of honorary doctorate, professorship titles in public

Ghana govt backs proposal to extend presidential term from 4 to 5 years

by The Editor
July 31 2026
0

...

Nigerian visa applicants must provide five-year social media history, says US embassy

US to discontinue visa services in Abuja, 24 other African cities

by The Editor
July 29 2026
0

...

US orders embassy staff to leave Nigeria over insecurity

US warns Nigerians with dual citizenship against travelling on foreign passport

by The Editor
July 26 2026
0

...

Chinese envoy advocates Mandarin language teaching in Nigerian schools

Chinese envoy advocates Mandarin language teaching in Nigerian schools

by The Editor
July 25 2026
0

...

State of the States

Enugu launches ETTW TV to showcase transformation, investment opportunities

Enugu launches ETTW TV to showcase transformation, investment opportunities

by The Editor
July 31 2026
0

...

Lagos to introduce special vehicle number plates for PWDs

Lagos to introduce special vehicle number plates for PWDs

by The Editor
July 29 2026
0

...

Enugu governor approves recruitment of 6,580 teachers, school staff

Enugu governor approves recruitment of 6,580 teachers, school staff

by The Editor
July 29 2026
0

...

Anambra sanctions seven schools over graduation parties

Anambra sanctions seven schools over graduation parties

by The Editor
July 27 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Commonwealth Games: Amusan suffers shock defeat, settles for bronze

Commonwealth Games: Amusan suffers shock defeat, settles for bronze

July 31 2026
Commonwealth Games: Nigeria’s Enekwechi wins gold in shot put

Commonwealth Games: Nigeria’s Enekwechi wins gold in shot put

July 31 2026
Governance: Stop building unnecessary flyovers – Tinubu tells state governors

Governance: Stop building unnecessary flyovers – Tinubu tells state governors

July 31 2026
UEFA to boycott FIFA tournaments over Infantino plans for World Cup sell off stake

UEFA to boycott FIFA tournaments over Infantino plans for World Cup sell off stake

July 31 2026

EDITORIAL REVIEW

State airports: White elephant epidemic – Punch

Probe Habila’s death – Punch

by The Editor
July 31 2026
0

Nigeria’s inflation rate hits 26.72% in Sept

There’s no escaping inflation, yet – Punch

by The Editor
July 29 2026
0

Nigeria’s inflation rate rises to 21.09%

Africa’s hunger burden – Punch

by The Editor
July 27 2026
0

Apapa gridlock must be resolved permanently – Punch

Apapa gridlock must be resolved permanently – Punch

by The Editor
July 23 2026
0

Duty waivers must not become a fiscal hole – Punch

Duty waivers must not become a fiscal hole – Punch

by The Editor
July 20 2026
0

Opinion

Tinubu swears in four Permanent Secretaries, INEC commissioner

Tinubu: The Audacity to Hope – Three years after

by The Editor
July 31 2026
0

...

Remi Tinubu under fire over akara, roasted corn remarks

Beyond ‘akara’ leadership

by The Editor
July 6 2026
0

...

Trump’s U-turn on Iran war ends Israel’s Middle East dream

Trump’s U-turn on Iran war ends Israel’s Middle East dream

by The Editor
June 17 2026
0

...

Terrorists kidnap Army Major General, wife in Katsina

Slain General: When the protectors need protection

by The Editor
June 17 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.