Members of the House of Representatives from the South-East region have called on the National Agency for Food and Drug Administration and Control (NAFDAC) to reopen the Onitsha market, which was recently sealed due to regulatory concerns. The lawmakers emphasized the economic impact of the market’s closure on traders, businesses, and the regional economy.
Concerns Over the Market Closure
The Onitsha market, known for its vibrant trade in pharmaceuticals, food products, and consumer goods, was shut down by NAFDAC following alleged violations related to the sale of unregistered and counterfeit products. While the agency insists that the closure was necessary to protect public health and ensure compliance with safety regulations, many traders and stakeholders believe that the move has caused severe economic hardship.
The South-East lawmakers have expressed concern over the livelihood of thousands of traders who depend on the market for survival. They argue that while regulatory enforcement is important, the government must consider a more balanced approach that prioritizes compliance without crippling businesses.
Call for Dialogue and Resolution
In a statement, the legislators urged NAFDAC to engage with market leaders, traders’ associations, and other stakeholders to find a solution that would allow the market to reopen while ensuring compliance with necessary regulations. They proposed that rather than an indefinite shutdown, the agency should implement corrective measures and provide traders with guidelines on safe and legal business practices.
Economic and Social Impact
The closure of the Onitsha market has far-reaching effects, not only on traders but also on the supply chain of goods across Nigeria. Onitsha is one of the largest commercial hubs in West Africa, and its market plays a crucial role in import, export, and distribution activities. Many small and medium-sized businesses have suffered losses due to the closure, further exacerbating the economic challenges in the region.
The lawmakers warned that if urgent action is not taken, the continued closure could lead to job losses, increased poverty levels, and disruptions in the supply of essential goods across the country.
Next Steps and Government Response
The South-East Representatives are expected to engage NAFDAC and other relevant authorities to find a workable solution. They have assured traders and business owners that they will continue pushing for a fair resolution that upholds public health standards while safeguarding economic interests.
Meanwhile, stakeholders in the market have also called for dialogue with the government, pledging to adhere to safety and regulatory guidelines if given the opportunity to resume business operations.
Subscribe to Follow Global Trends for daily global news.
Find Out How To Make Money As A Full Time Writer/Blogger Guide.
To Advertise, Advertise Your Affiliate Links on FollowGlobalTrends.com for Just $1 Per Link Per Month!
Related Articles
Davido: The King of Endorsements in Africa
Wizkid Takes a Jab at Davido Again: Is There a Deeper Feud?
Davido Criticizes INEC Over Edo Gubernatorial Election, Explains His Interest
Davido sparks retirement rumors with recent statement
Davido Joins Forces with Nigerian Chess Prodigy, Tunde Onakoya in Bid for Guinness World Record
Meet The Richest Musician In Nigeria: Davido – $90 Million
An Intimate Photo Of Davido And Model Bonita Maria Leaked
Written By Fortune Davidson