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Home BUSINESS / ENTREPRENEURSHIP

Demolish Onitsha Main Market in Phases, Group Begs Soludo 

Onyeka by Onyeka
February 9, 2026
in BUSINESS / ENTREPRENEURSHIP
Onitsha main market Reopens Amid Fear of Soludo’s Planned Demolition of over 10,000 shops
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The Onitsha Chamber of Commerce, Industry, Mines and Agriculture (ONICCIMA) has called on the Anambra State Government to adopt a phased approach to its proposed demolition of shops and stalls in Onitsha Main Market.

 

In a statement signed by its President, Sir Chinedu Nwonu, ONICCIMA urged the government to extend the demolition deadline by 12 months, proposing a new commencement date of February 1, 2027. The Chamber also stressed the importance of publishing a clear relocation, demolition, and compensation framework for affected traders.

The Chamber expressed concern over the lack of publicly communicated plans for alternative arrangements for traders, noting that sudden displacement could severely disrupt commerce, supply chains, and livelihoods across the South-East.

 

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ONICCIMA highlighted potential economic losses, social implications, and environmental challenges, including increased street trading, vehicular gridlocks, and health hazards. The Chamber also warned that many shop owners rely on bank loans, cooperative credits, and supplier trade facilities, and abrupt demolition could trigger financial distress.

 

The statement further called for accountability in market administration, noting the role of market executives and supervisory authorities in past stall constructions, and the potential impact on other businesses, including transport and courier services that rely on Onitsha’s commercial activities.

 

To mitigate these challenges, ONICCIMA recommended a consultative, phased, and trader-inclusive redevelopment plan, incorporating purpose-built market complexes, affordable acquisition schemes, and stakeholder engagement with market unions and financial institutions.

 

“Onitsha thrives when commerce thrives. Urban renewal must therefore preserve livelihoods, protect investments, and sustain Anambra State’s position as a leading commercial hub in Nigeria,” the statement concluded.

 

The Chamber reaffirmed its commitment to constructive engagement with the government to balance developmental objectives with economic stability.

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