The Ebonyi State Government has disclosed that it generates an average of ₦300 million monthly from the Ebonyi International Market through the Board of Internally Generated Revenue (BIR). Commissioner for Market Development and Parks, Prof. Nwogo Ajuka Obasi, revealed this during an interview in Abakaliki, attributing the revenue boost to reforms implemented under Governor Francis Nwifuru’s administration. Key measures included recovering 483 illegally occupied shops, establishing a robust digital database for market operations, and allowing traders to elect their own leaders to resolve longstanding leadership crises.
Obasi noted that previous administrations had imposed market leaders, leading to disorder, insecurity, and violence. However, since Nwifuru’s tenure began, elections for market executives have restored order, reduced crime, and eliminated killings in the markets. The reforms have also attracted international traders, particularly from Cameroon and neighboring countries, with ongoing efforts to partner with shoe dealers from Aba, Abia State.
Addressing restructuring efforts at Okwo Ngbo Market in Ohaukwu LGA, Obasi acknowledged the demolition of some structures as necessary for development, emphasizing that sacrifices were required for progress. He clarified that while markets fall under local government jurisdiction, the state intervenes to ensure alignment with broader development goals.
On revenue management, Obasi explained that the BIR oversees collections through contracted payment systems, ensuring transparency. He highlighted that prior to the reforms, illegal occupation of shops was rampant, with individuals holding up to 16 shops without payment. The recovery of these spaces and enforcement of compliance have significantly boosted internally generated revenue.
Despite challenges, Obasi reaffirmed the government’s commitment to fostering a business-friendly environment, stressing that Ebonyi International Market now stands as a model of effective governance and leadership.
