BUSINESS: Alaba, Balogun, Onitsha Market, Others Will Disappear, Replaced By Online Shops, This Is The Future – Ike A. Offor

Alaba International market, Lagos

By Ike A. Offor

The open markets like Alaba International market, Balogun, International trade fair shopping complex, Onitsha main market and vast others will be gone for good for obvious reasons of changing trends in how business is done around the globe. These shops, markets others will be replaced by booming online businesses and shops in no distant future.

Some will think that this is a farfetched idea while some good number of people will recognise the changing trend on how business is done around the globe. The days of people spending time to travel to markets to buy what they need is fast dwindling due to the booming trend of online shops.

Alaba, Balogun and Onitsha main market and countless of other markets around the world will collapse into online markets or shops. There will be no more need to maintain shops in these market and be there in person to sell to customers who come to buy goods of their choice.

Those diehard doubters should ask themselves where are the video shops that filled Idumota, Alaba and Balogun and Onitsha main market of those early days of video and compact discs movie now? Those who were in those businesses of selling video cassettes and compact discs have all gone out of business today. They would have doubted it then if someone told them then that they wil be out of business in less than ten years from then.

So many American video rental shops, like video vendors, film burster and many others disappeared just because the business of renting videos, cassettes and CDs were sent into extinction due to the emergency of YouTube, and Netflix and others like iRokoTV, which has taken over African films. Instead of people watching rented films, they simply go to YouTube, Netflix, iRokoTv to directly watch the same films. This saved them money, space and time.

This same thing is about to happen to many businesses that now sell via open markets by waiting for people to walk in to buy from them. Buying will be done mostly online in the next 15 years or so and running a shop in these main markets will be unprofitable and waste of time.


Like every online business, there is no need to have a shop where people walk in to look around and pick up what they need. Rather, the warehouse where these businesses store their goods for onward shippping via various means to be delivered to their customers, who ordered via their online website. These online shops aand owners are getting better and bigger and richer than normal shop onwers and their products they supply are increasing in range. You can buy cars, motorbikes, even houses online without moving a muscle trying to walk into their sellers shops.

The richest man in the world, Jeff Bezos runs the biggest online shop, the Amazon. What does this tell anyone? This simply tells anyone that this is the future means to make real money than runing a shop where people walk in to choose what they want to buy. Anyone can make their choice at the comfort of their home, office or while walking on the street, pay and their goods will be delivered to their doorsteps. This is the future and it is changing fast.


It is advisable for every business owner in these markets to now start to think about opening and running an online business and begin to get good at it before it is too late and they are forced to go bankrupt like many who were in video and CD rental and sales business. The best way is to be ahead of the pack and think ahead and begin to act now. By the time this comes in the next 15 or so years, they have become good with online shop business. If you doubt this, you will be like those video shop owners who never saw that days will come when the market for videos and CDs will be replaced by YouTube, Netflix and iRokoTV.

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Fire Destroys N30m Worth Of Goods In Alaba Market |The Republican News

Temitayo AYETORO

Fire destroys N30m worth of goods in Alaba market

Burnt shops

GOODS worth the sum of N30million were yesterday destroyed in a midnight inferno at Ojo Alaba international market, Lagos.

The fire reportedly started around 11p.m from some makeshift canteens located by the ground section of the affected building, Anarchy Plaza. It houses about hundred shops.

The burnt section was a super movie store consisting of four merged shops.

Eyewitnesses said smoke signal was initially noticed from the refuse heap in front of the plaza the noon before but wasn’t taken seriously until the heat intensified and escalated into the huge inferno.

The bulk of the loss were video CDs of foreign movies, cartoons and audio-visual players.

Others were polythene nylon, diaper and beverages sold in nearby makeshift structures.

According to the market’s Chief Security Officer, (CSO), Mr Okechukwu Chinweze, the Lagos Fire Service helped to contain fire from spreading to other plaza as not handle the fire. “In the afternoon, I saw fire there beside the plaza that got burnt but it wasn’t serious. Around 11pm, we just saw fire sprouting underneath the refuse. And the content of the refuse is mainly rubbers.

That aided it and started spreading to other areas. It caught one of the generators at HP plaza but we protected the area. It was under control and we were even jubilating until we saw fire oozing out of the affected shop around 1:30pm. We tried to fight it with detergent and water. We have fire extinguishers but we were confused when the fire broke out. It was beyond the control of portable extinguishers.

The fire service men exhausted their three trucks before it was put out.” He said the indiscriminate refused disposal also contributed to the fire as traders were negligent in proper management of their wastes. “The LAWMA officials do come but some people are stubborn. They have already made the announcement for them to stop dumping refuse in the open space. But as of now they have been here today evacuate the waste. The people are to keep their refuse until the LAWMA comes for them. They come twice a week.”

An official of the market association, Finance Supervisor, Fancy Furniture Dealers, Prince Jude Osita shower praise on the Lagos Fire Service for prompt response and provision of adequately kitted ambulance. He noted that their unprecedented support avert what could have been a more severe loss. “What happened is just minor negligence because the fire started from the kitchen that was not well built.

It escalated to the plaza and before security people raised alarm, they started applying water and detergent. The information was passed to the fire service and the police. In short, I want to use this opportunity to thank the Lagos State Fire Service. They tried and they are well equipped because when Ojo fire service section water finished, they signalled Festac and they came to support them. I didn’t even know that they have a well equipped ambulance until we had two casualties, a member of the service and a member of our market.

The fire service man collapsed and ambulance took him to general hospital. After that iron hit one of our members and that was when I knew that they have well equipped ambulance. I commend the Lagos State government. There were two nurses on ground to treat the guy that midnight. The two truck they brought finished and they went to bring another one. They worked up to 7hours here.” He however, condemned the rejection of a casualty by the Igando General Hospital, saying “The General Hospital refused to treat him. They treated (The Nation)

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