Balogun market, Lagos Trade Fair Complex, will not reopen on January 4 as previously scheduled by its management committee due to security reasons, Secretary Leonard Ogbonnia said on Sunday.

Mr. Ogbonnia said the market which was closed on December 24 for the Christmas holidays, would now reopen on January 11 because of the security situation in the market.

He further stated that reopening the complex, as earlier scheduled, may endanger the lives and property of members, and hence the shift in dates.

“Regrettably, I wish to inform us that the security reports reaching the office of the caretaker committee on a daily basis is threatening, alarming and unpalatable to the original plans to reopen on January 4, 2021.

“Obviously, non-opening of other neighbouring markets within the trade fair complex until January 11, will equally add to security porosity of our own complex, if opened.

“The committee, having weighed all options, merits and demerits, therefore, came to a decision to reopen the market on January 11, to enable it address the lurking dangers.

“We passionately regret all inconveniences this change may cause some individuals and humbly appeal to such individuals to also consider the importance of taking preventive security measures,” he said.

Mr. Ogbonnia said that the committee wished to reassure the market community of its readiness to serve, and make the place better for business to thrive.