The Impact Nigeria NewspaperThe Impact Nigeria NewspaperThe Impact Nigeria Newspaper
Font ResizerAa
  • Home
  • News
  • Opinion
  • Metro
  • Business & Economy
  • Entertainment
  • Health
  • Politics
  • Sports
  • Video
  • World
Font ResizerAa
The Impact Nigeria NewspaperThe Impact Nigeria Newspaper
  • Home
  • News
  • Opinion
  • Metro
  • Business & Economy
  • Entertainment
  • Health
  • Politics
  • Sports
  • Video
  • World
Search
  • Home
  • News
  • Opinion
  • Metro
  • Business & Economy
  • Entertainment
  • Health
  • Politics
  • Sports
  • Video
  • World
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Headlines

Peter Obi Slams NAFDAC ₦700,000 Reopening Fee for Onitsha Market Traders

Olatunbosun Obafemi
Last updated: May 27, 2025 3:06 pm
Olatunbosun Obafemi
Share
Peter Obi has given reasons why the State Police Bill should be implemented after the 2027 general elections
Obi says state police bill should be implemented after 2027 elections
SHARE

By Ebenezer Mabinuola

Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has condemned the reported ₦700,000 reopening fee being demanded by the National Agency for Food and Drug Administration and Control (NAFDAC) from traders at the Onitsha Head Bridge Market, calling it “unacceptable” and a form of economic sabotage.

In a statement released Monday, Obi said the fee places an unjust burden on small business owners who are already struggling with inflation, poor access to credit, and weak consumer demand. While he supported the initial regulatory crackdown on counterfeit drugs led by NAFDAC, Obi said that support was based on the expectation of fairness and compassion.

“These traders are not criminals,” he said. “They are hardworking Nigerians trying to survive. Asking them to pay ₦700,000 to reopen their shops is punishing those who are already gasping for air.”

The Onitsha Head Bridge Market, one of the largest commercial centers in West Africa, was partially shut down earlier this year as part of efforts to curb the sale of fake drugs. Since then, traders have decried the prolonged closure and unexpected financial demands.

Obi described the market as a “national economic artery” and warned that such actions threaten the survival of Micro, Small, and Medium Enterprises (MSMEs), noting that Nigeria has lost over seven million MSMEs in two years — a crisis he called a “national emergency.”

“Our MSMEs are at a breaking point,” he said. “They are crying out, ‘we can’t breathe,’ and instead of relief, the system is squeezing them further.”

Obi urged NAFDAC and relevant agencies to waive the reopening fee and prioritize the immediate resumption of business. He called for a governance style rooted in empathy, stating, “Let us not confuse regulation with repression, or punishment with justice.”

As public outcry grows, stakeholders now await an official response from the authorities regarding the future of the market and its traders.

TAGGED:NAFDACOnitsha marketPETER OBIReopening feeTraders
Share This Article
Email Copy Link Print
ByOlatunbosun Obafemi
Follow:
Bosun Obafemi is a seasoned journalist and editor for national daily news publication outfits.
Previous Article FCTA Seals Access Bank Branch in Abuja Over 34-Year Ground Rent Default
Next Article JAMB has listed some errors prospective UTME and DE candidates should avoid during profile creation Massive Fraud Uncovered as JAMB Releases Resit Results for Botched 2025 UTME
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like

Senior Pastor of Commonwealth Of Zion Assembly, Pastor Biodun Fatoyinbo
HeadlinesMetro

COZA: Lawyers demand justice

By
Olatunbosun Obafemi
Pastor E. A. Adeboye
HeadlinesSecurity

Lekki killings: Adeboye , United Nations condemn military action in strongest terms

By
Olatunbosun Obafemi
Headlines

It is Improper Keeping Your Fire Extinguishers in Car boots – Federal Fire Service

By
Olatunbosun Obafemi
HeadlinesNews

Tinubu cruises to France in a newly bought fairly used A330 Airbus

By
Olatunbosun Obafemi
QUICK LINKS
About Us
Advertise with Us
Contact Us
Privacy Policy
Disclaimer
Editorial Policy
Corrections Policy
Terms & Conditions
NEWS UPDATE
Top Headlines
News
Metro News
Insurgency News
Crime News
World News
Sports
Entertainment
Human Angle Story

BUSINESS
Business & Economy
Oil & Gas
Power & Energy

EDITORIAL
Editorial
Opinion

LIFE & LIVING
Lifestyle
Single & Married
Interview

MORE
Politics
Technology
Education
Features
Health
Environment
Security
Law
Litigation
Professionals
Video
Youth
Religion

© 2026 Integrated Impact Publishers Limited. All Rights Reserved.