Peter Obi Criticises ₦700,000 Levy On Traders, Calls For More Compassionate Economic Measures

Mr Peter Obi, former governor of Anambra State and 2023 Labour Party presidential candidate, has urged the authorities to take a more humane and pragmatic approach to resolve the ongoing impasse over the closure and conditional reopening of the Onitsha Head Bridge Market.

Obi expressed concern over the reported demand of ₦700,000 from shop owners to reopen their stores, citing structural deficiencies.

The fees, in addition to other fines reportedly levied for alleged individual infractions, have sparked widespread concern among traders, who claim they are being unfairly punished for issues beyond their control.

Obi, who had previously visited the market and expressed support for the fight against counterfeit drugs and substandard goods, said he hoped the investigations would be completed quickly and the market reopened.

He emphasised that his support was based on the belief that justice would be served, with clear distinctions between genuine violators and law-abiding traders.

Obi expressed regret that shop owners are being asked to pay ₦700,000 for structural deficiencies that were not their fault.

Individuals involved in such cases should be held accountable through due process, rather than innocent traders being punished collectively.”

Highlighting the broader economic context, Obi drew attention to the plight of over seven million Micro, Small, and Medium Enterprises (MSMEs) that have failed in Nigeria in the last two years.

“Our MSMEs are at a ‘we can not breathe’ stage,” he said, “and the very system that should be giving them oxygen to support their survival is instead suffocating them.”

He also argued that even if such charges are legal, they should be enforced with compassion, especially given the current economic realities.

“The emphasis should be on ensuring compliance with regulations while giving these business owners enough time to meet such requirements,” he said. “Imposing measures that could further cripple them is in no one’s interest.”

Obi advocated for constructive dialogue and inclusive engagement with all stakeholders to find a solution that protects both regulatory standards and economic livelihoods.

He warned that prolonged hardship could drive already vulnerable citizens to desperation and criminality.

“These shop owners have already been through extended closures, mounting unpaid bills, and severe economic strain,” he said.

“Imposing additional financial burdens on them for structural issues beyond their control is both unjust and counterproductive.”

Obi reaffirmed his commitment to the eradication of counterfeit and substandard goods, urging authorities to approach enforcement with justice and compassion.

He concluded with a passionate appeal: “It is time to act with compassion and common sense: drop the charges, reopen the market, and give these entrepreneurs a chance to rebuild their livelihoods and contribute to the nation’s economy.”