After a five-month delay, the redevelopment of the Ikosi-Ketu Fruit Market expected to gulp N2.8 billion would commence in July following the parties involved; the Ikosi Isheri Local Council Development Area, the developer and the traders, signing a Memorandum of Understanding (MoU).
The Managing Director, Total Value Integrated Service Limited; the developer, Chris Onyekachi said the terms and conditions are favourable to all parties, promising that his words will be his bond.
“We are going to meet all the terms and conditions and regulations of Lagos State Building Control Agency. The development would be in four phases and the market occupies 25 acres.
We have 18-month duration to rebuild the market and we will invest about N2.8bn in the reconstruction. The reconstruction of the first phase will begin in two weeks,” he said. (Guardian)