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Peter Obi Faults N700,000 Levy on Traders, Urges Compassionate Economic Measures

Romanus Okoye by Romanus Okoye
May 27, 2025
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By Val Obienyem

Mr. Peter Obi, former Governor of Anambra State and 2023 Labour Party presidential candidate, has called on the authorities to adopt a more humane and pragmatic approach in resolving the ongoing impasse surrounding the closure and conditional reopening of the Onitsha Head Bridge Market.

In a strongly worded statement, Obi expressed deep concern over the reported demand of N700,000 from individual shop owners as a condition for reopening their stores, ostensibly due to structural deficiencies. The fees, which come in addition to other fines reportedly levied based on alleged individual infractions, have provoked widespread unease among traders who say they are being unfairly punished for issues beyond their control.

Obi, who had earlier visited the market, expressed support in the fight against counterfeit drugs and substandard goods, said he had hoped that investigations would be swiftly concluded and the market reopened promptly. He emphasised that his support was premised on the belief that justice would prevail, with clear distinctions made between genuine violators and law-abiding traders.

“It is deeply unfortunate,” Obi lamented, “that those same shop owners are now being asked to pay ₦700,000 for structural deficiencies that are not of their own making. In cases like this, individuals concerned should be held accountable through due process, while innocent traders should not be collectively punished.”

Highlighting the broader economic context, Obi drew attention to the plight of over seven million Micro, Small, and Medium Enterprises (MSMEs) that have collapsed in Nigeria over the past two years. “Our MSMEs are at a ‘we can’t breathe’ stage,” he noted, “and the very system that should be offering them oxygen to support their survival is instead suffocating them.”

He further argued that even if such charges are backed by statute, they should be enforced with empathy, especially given the current economic realities. “The emphasis should be on ensuring compliance with regulations while granting these business owners reasonable time to meet such requirements,” he stated. “Imposing measures that might cripple them further serves no one’s interest.”

Obi called for constructive dialogue and inclusive engagement with all stakeholders to find a solution that preserves both regulatory standards and economic livelihoods. He warned that prolonged hardship might push already vulnerable citizens into desperation and criminality.

“These shop owners have already endured prolonged closures, mounting unpaid bills, and severe economic strain,” he said. “To now impose additional financial burdens on them for structural issues beyond their control is not only unjust but counterproductive.”

Reaffirming his support for the eradication of fake and substandard goods, Obi urged the authorities to approach enforcement with a sense of 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 allow these entrepreneurs the opportunity to rebuild their livelihoods and contribute to the nation’s economy.”

Romanus Okoye

Romanus Okoye

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