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

State Police Bill passes second reading at Senate
Headlines

State Police Bill passes second reading at Senate

June 11 2026
Pres. Tinubu swears in two new ministers
Headlines

Pres. Tinubu to address Nigerians on Democracy Day

June 11 2026
FG declares public holidays for Eid-El-Fitr
Headlines

FG declares June 12 public holiday to mark Democracy Day

June 11 2026
UK Defence Minister resigns with stinging rebuke of PM Starmer
Headlines

BREAKING: Reps pass state police bill

June 11 2026
Xenophobia: 268 Nigerian returnees arrive in Lagos from South Africa
Human Interest

Xenophobia: 268 Nigerian returnees arrive in Lagos from South Africa

June 11 2026
IMF warns Nigeria as Tinubu plans to borrow $5 billion from UAE lender
Headlines

Northern elders ask Tinubu to declare national emergency over insecurity

June 11 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

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

Ondo LG shuts schools over security concerns

Ondo LG shuts schools over security concerns

by The Editor
June 2 2026
0

...

APPOINTMENTS

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

by The Editor
June 9 2026
0

...

Pres. Tinubu swears in two new ministers

Pres. Tinubu swears in two new ministers

by The Editor
June 8 2026
0

...

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

ODDITIES

Bus driver stabs transport officer to death in Calabar

Lady lures friend for boyfriend to kill, harvests body parts

by The Editor
June 9 2026
0

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

by The Editor
June 9 2026
0

Ibadan visitation: Nobody can stop me from going anywhere in Nigeria – Sheikh Gumi

Ibadan visitation: Nobody can stop me from going anywhere in Nigeria – Sheikh Gumi

by The Editor
June 9 2026
0

GLOBAL NEWS

Iran vows devastating response to Trump’s threat of seizing Kharg Island

Iran vows devastating response to Trump’s threat of seizing Kharg Island

by The Editor
June 11 2026
0

...

UK Defence Minister resigns with stinging rebuke of PM Starmer

UK Defence Minister resigns with stinging rebuke of PM Starmer

by The Editor
June 11 2026
0

...

Iran strikes 18 US military targets in two missile waves, Fifth Fleet in Bahrain hit by drones

Iran strikes 18 US military targets in two missile waves, Fifth Fleet in Bahrain hit by drones

by The Editor
June 11 2026
0

...

Greece to ban social media for under-15-year-olds

Canada moves to ban under-16s from social media

by The Editor
June 11 2026
0

...

UK Police hunt Nigerian man after prison escape

UK Police hunt Nigerian man after prison escape

by The Editor
June 10 2026
0

...

State of the States

Fubara orders fresh LG elections in Rivers State

Rivers State to shut down unapproved private schools

by The Editor
June 11 2026
0

...

Akwa Ibom Assembly passes motion to regulate dispatch services

Akwa Ibom Assembly passes motion to regulate dispatch services

by The Editor
June 10 2026
0

...

Kano screens 720 out of 3,000 couples for mass wedding

Kano screens 720 out of 3,000 couples for mass wedding

by The Editor
June 10 2026
0

...

Gov. Uzodimma declares Imo as haven for local, foreign investors

Gov. Uzodimma declares Imo as haven for local, foreign investors

by The Editor
June 9 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
State Police Bill passes second reading at Senate

State Police Bill passes second reading at Senate

June 11 2026
UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

June 11 2026
Pres. Tinubu swears in two new ministers

Pres. Tinubu to address Nigerians on Democracy Day

June 11 2026
Iran vows devastating response to Trump’s threat of seizing Kharg Island

Iran vows devastating response to Trump’s threat of seizing Kharg Island

June 11 2026

EDITORIAL REVIEW

The reign of kidnappers – Thisday

The reign of kidnappers – Thisday

by The Editor
June 11 2026
0

Foreigners looting national assets intolerable – Punch

Foreigners looting national assets intolerable – Punch

by The Editor
June 10 2026
0

Violence deepens, Tinubu must act – Punch

by The Editor
June 9 2026
0

Nigerian workers deserve a living wage – Punch

Nigerian workers deserve a living wage – Punch

by The Editor
June 8 2026
0

Gospel Kinanee’s 18-year ordeal: Fix this broken justice system – Punch

Gospel Kinanee’s 18-year ordeal: Fix this broken justice system – Punch

by The Editor
June 7 2026
0

Opinion

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Nigeria at critical juncture – Vanguard

Nigerian economy: The street is not smiling!

by The Editor
June 1 2026
0

...

Tinubu sticking to anti-masses policy, says Afenifere

As criminals seize Nigerian babies

by The Editor
May 31 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.