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Showing posts with the label Economy

Relocation of Alade Market followed due process-Concessionaire

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The Concessionaire of Alade Shopping Mall, Master Reality International Concepts Limited on Sunday said the relocation of shop owners and traders from old Alade Market to the new one followed due process. The concessionaire also debunked allegations of unlawful invasion into the market and forceful ejection of the traders which some aggrieved traders under the aegis of Association of Concerned Traders in Alade Markets leveled against it. Chief Executive Officer, CEO, Master Reality International Concepts Limited, Lai Omotola made the clarification in a statement he issued in response to an open letter a legal practitioner, Jiti Ogunye wrote to the Lagos State Governor, Akinwunmi Ambode on Thursday on behalf of the concerned traders. In the letter to Ambode, the concerned traders had alleged that the officials of Ikeja Local Government and by extension Lagos State Government continued “to invade the market and eject traders therefrom.” However, Omotola said the letter contained some ...

Economy needs urgent fix, Nigerians are hungry

A Niger Delta group, Urhobo Monitoring and Development Group, on Saturday called on President Muhammadu Buhari-led administration to fix the country’s ailing economy from sliding into total collapse. Prince Kingsley Oberuruaria, National President of UMDG, told journalists that Nigerians are hungry noting that the economy needs proactive measure to prevent it sliding into eminent ‘recession.’ Oberuruaria stressed that there was nothing wrong for a government to wedge war against corruption but the same attention should also be accorded to the nation’s dying economy where the average Nigerian can hardly afford a meal per day at present The group said it has observed that the APC-led federal government was not doing enough to tackle the economy which it reminded the government that hunger knows no political or religious affiliations. It also expressed reservation with the ongoing diversification into economy and other sectors saying that the Niger Delta region was being ignore in ...