Governor of Lagos State, Mr. Babatunde Fashola (SAN), has commissioned the first phase of the popular Tejuosho Market, gutted by fire seven years ago.
Located in the heart of Yaba, the commissioning is coming six years after the reconstruction of the market started under a 25-year Build, Operate and Transfer, BOT, lease agreement solely financed by First Bank Plc.
The reconstructed Tejuosho Market which used to have 1,484 lockup, now has over 4,000 shop space with lock up and K-Clamp shops.
Facilities in the new market complex include spaces for banking operations, 8 lifts to enable goods, services and people move up, two escalators for up and down movement of people, two ramps designed to assist physically challenged people to get into and out of the building and a crèche where nursing mothers can attend to and keep their children under supervision while they are trading.
There is also a dedicated Fire Service Station within the complex with modern fire-fighting systems built in the market to forestall any incident of fire disaster as well as a dedicated 800-vehicle capacity car-park.
The market is now open for commercial activities.