Lagos state Governor, Raji Babatunde Fashola today August 15th commissioned the newly refurbished Tejuosho market in Yaba Lagos, 7 years after the old market structure was completely gutted by fire.
The new ultramodern Tejuosho Market, a Public Private Partnership initiative between the Lagos State Government and Stormberg Engineering Limited, with First Bank of Nigeria providing Financing. The market is equipped with modern lock up shops, multi-level parking, world class safety facilities and competent facility managers.
This project has been in the pipe-line for over ten years but it took a 'mysterious' fire outbreak at the old Tejuosho Market in 2007 before aggressive construction could commence. Five years down the line and the project is really beginning to take shape.
The New Tejuosho Shopping Complex is fully financed by First Bank of Nigeria Plc and is being undertaken by Stormberg Engineering Limited under the Public-Private-Partnership programme of the Lagos State Government for 25 years. The edifice sits on approximately 3.062 hectares and it is strategically located in Yaba.
The Main Tejuosho Shopping Complex during the official commissioning at the Shopping Complex, Tejuosho, Lagos on Friday, August 15, 2014. INSET: Lagos State Governor, Mr. Babatunde Fashola SAN (4th left) cutting the ribbon to commission the Complex. With him are: His Deputy, Hon. (Mrs) Adejoke Orelope-Adefulire (3rd left), Commissioner for Works and Infrastructure, Mr. Obafemi Hamzat (2nd left), his Finance, Information & Strategy and Physical Planning & Urban Development counterparts, Mr. Ayo Gbeleyi (right), Mr. Aderemi Ibirogba (left), Tpl Toyin Ayinde (4th right), Group Managing Director, First Bank of Nigeria, Mr. Bisi Onasanya (5th right), Iyaloja General, Chief (Mrs) Folashade Tinubu-Ojo (3rd right)
The main shopping complex, will provide major retail and wholesale market opportunities for the teaming Lagos population. The new complex encompasses 4,040 shop units of various sizes ranging from 9 metre squares to 12, 19, 23 and few larger units of 142 metre squares for banking and restaurant uses as well as Kee-Klamps. The shops units are arranged on four levels: Upper ground level, entrance level, level three and level four.Prices of shop units range from N5.4 million or N600,000 per square metre with prospective buyers having the opportunity to pay by instalment. The new shopping complex, when completed will offer the following array of modern retail facilities and amenities: Multi level parking for over 720 cars, efficient internal traffic system and management, lifts and elevators for shoppers and cargos; serviced fire station, police station and uniformed security patrols.
The interior view of the Main Tejuosho Shopping Complex during the official commissioning at the Shopping Complex,
Check out the street map to the New Tejuosho market HERE
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