Peter Obi, the Labour Party’s 2023 presidential candidate, has voiced strong opposition to the recent closure of markets in Onitsha’s Head Bridge area, describing the action as detrimental to small businesses and the nation’s economic health.
In a statement on his social media platform, Obi emphasized that while combating the sale of illegal drugs is essential, indiscriminately shutting down entire markets punishes legitimate traders and exacerbates economic stagnation.
The closures were initiated by regulatory and security agencies targeting the Ogbo Ogwu section of the market, known for suspected illicit drug activities.
However, the enforcement extended to neighboring markets—including those dealing in plumbing materials, timber, surgical supplies, and provisions—that were not implicated in illegal activities.
Obi questioned the rationale behind this broad approach, stating, “If the goal is to conduct a legitimate search, why extend the closure to other markets? What are their offenses?”
Drawing from his tenure as Anambra State governor, Obi highlighted his administration’s efforts to support micro, small, and medium enterprises (MSMEs).
He recounted securing partnerships with the Bank of Industry to provide special loans for MSMEs and establishing a local branch to facilitate access to funds.
Obi also resisted blanket bans on motorcycle taxis, known as okadas, despite security concerns, recognizing their role in the local economy. Instead, he collaborated with unions and security agencies to address issues without undermining livelihoods.
Obi contrasted Nigeria’s approach with that of Indonesia, where MSMEs account for over 90% of employment and receive substantial government support.
He argued that understanding and nurturing small-scale businesses are crucial for economic productivity. “When those who have never built or managed businesses are in charge, they take actions that cripple legitimate businesses and stifle economic growth,” he remarked.
The market closures have sparked mixed reactions. While some support stringent measures against illegal activities, many traders and economic analysts warn of the adverse effects on lawful businesses and the broader economy.
Obi urged authorities to adopt a more targeted and transparent approach, allowing shop owners to be present during inspections to ensure fairness and rebuild trust between regulatory bodies and the business community.
In his appeal, Obi called for the immediate reopening of the unaffected markets, emphasizing that prolonged closures could lead to significant losses, especially for businesses dealing with perishable goods.
He warned that a one-month closure could cripple many small enterprises, deepening the nation’s economic challenges. “Small businesses must be protected—not destroyed—if we truly want to build a productive nation,” Obi asserted.
