LCDA boss laments inability to establish international market

Lack of funds andglobal acquisitionof coastal lands have been identified as reasons for the inability of Badagry West Local Council Development Area (LCDA) to establish an international border market.Badagry West LCDA is located at the entry point of Benin Republic with two major border markets at Seme and Owode ends.The Chairman, Badagry West LCDA, Mr Joseph Bamgbose, told newsmen at his office, Kankon secretariat, that the location of the area as border post would have made an international market desirable.'The twin factors of lack of funds and global acquisition of coastal lands by the Federal Government are hindering our plans to set up an international market in the LCDA,' he said.Bamgbose stated that while LCDA could not raise the N20 billion fund needed for the project, investors were equally scared of staking their money because of the global acquisition of lands in the area.He, however, said that the council was planning a model market at Owode border to create wealth for the people of the area.
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