Oyo State to Crack Down On Unpaid Market Rent

The Oyo State Government is set to initiate an aggressive campaign to recover unpaid market stall rents starting next week.

The Ministry of Trade, Industry, Investment, and Cooperatives announced that this move is essential for infrastructure development and service delivery to residents.

Commissioner for Trade, Industry,
Investment, and Cooperatives, Mr. Adeniyi Adebisi, stated that the recovery effort is part of the government’s broader strategy to enhance revenue and ensure accountability.

This decision follows a recent meeting with market representatives where it was noted that defaulters have been given a three-week grace period, which concludes on Monday, September 9th, 2024, to settle their overdue fees.

Adebisi highlighted the importance of this initiative in supporting the state’s revenue and warned that non-compliance could lead to penalties or eviction.

He praised Governor Engineer Seyi Makinde’s ongoing efforts to improve market infrastructure and services, including upgrading facilities, enhancing security, and implementing a digital payment system.

Market representatives from Ogbomosho and Podo Ultra-Modern markets expressed their appreciation for the government’s support and committed to working closely with the authorities to ensure the success of this initiative.

Adebisi urged all market stall holders to prioritize their rent payments to avoid any disruption to their businesses.

The enforcement will impact several key markets, including Bola Ige International Business Complex, Temidire Ultra Modern Business Complex, and others across Ibadan and Ogbomosho.