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Home » Oyo Debunks Rumoured Closure of Bola Ige Int’l Business Complex

Oyo Debunks Rumoured Closure of Bola Ige Int’l Business Complex

Lekan Shobo ShobowaleBy Lekan Shobo ShobowaleAugust 24, 20253 Mins Read
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Oyo Debunks Rumoured Closure of Bola Ige Int’l Business Complex

The Oyo State Government has dispelled rumours regarding the closure of the Bola Ige International Business Complex, Gbagi, Ibadan on Monday, saying the rumour is unfounded.

This was contained in a statement issued and made available to the media on Sunday in Ibadan by the Commissioner for Investment, Trade, Cooperatives, and Industry, Hon. Adeniyi Adebisi.

The Commissioner who reassured traders, shop owners, and members of the public that the Gbagi will not be closed on Monday as speculated by certain mischief-makers.

He described the rumours as false, baseless, and a deliberate attempt by miscreants to cause unnecessary tension within the business community.

According to him, “The Bola Ige International Business Complex remains a hub of commercial activities in the state, and at no point did the government contemplate shutting it down.

“We urge traders and the public to disregard this misleading information being spread by unscrupulous elements whose aim is to disrupt peace and normal business operations.

He added, “Normal activities will continue without any hindrance on Monday and beyond.”

The Commissioner further noted that the government is aware of certain practices within the complex where some shop owners, mostly elders within the business complex, allegedly allot the spaces in front of their shops to petty traders, sometimes even measuring the portions with rulers and exploiting them financially.

He assured that the government is already taking necessary steps to address such excesses in a fair and balanced manner, to protect the interests of all categories of traders and ensure that the complex remains conducive for legitimate business activities.

He further stressed that the present administration under Governor Seyi Makinde is committed to providing an enabling environment for commerce to thrive and would not take any decision capable of crippling business activities in the state.

Also speaking, the Permanent Secretary of the Ministry, Mr. Olajide Okesade, reaffirmed the government’s position, adding that necessary security arrangements have been put in place to ensure peace and order at the business complex.

He said, “The Ministry wishes to assure all traders, customers, and stakeholders that there will be no closure of the Bola Ige International Business Complex on Monday.

“The rumour is unfounded, and everyone should go about their normal business without fear.”

He continued, “The government remains committed to protecting the interests of traders and ensuring the smooth running of all markets and business complexes across the state.”

The Government therefore appealed to the public to ignore false information and rely solely on official statements from relevant authorities.

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2027 House Of Reps Hopeful, Ademola Agoro Installed As Patron, Osun NYCN ..calls for meaningful empowerment The National Youth Council of Nigeria, Osun State, on Saturday installed the Managing Director, Protogy Global, Engr Ademola Isaac Agoro as Patron. This was at the 2025 International Youth Day celebration in Osogbo with the theme “Youth Advancing Multilateral Cooperation through Technology and Partnership.” In his keynote, Engr. Agoro explained that youth empowerment must be seen as a strategic investment in Osun’s future. He called for the establishment of technology and innovation hubs, a Youth Development Fund, and stronger youth–industry partnerships. Engr. Agoro expressed deep gratitude for the honor and pledged to further champion youth causes in the state: “This investiture is not just a personal recognition; it is a call to greater service. I dedicate this honor to the vibrant young people of Osun State, whose resilience and creativity continue to inspire us all. “As Patron of the National Youth Council of Nigeria, Osun State Chapter, I will work closely with government, industry, and development partners to open more doors of opportunity for our youth. Together, we will ensure that the dreams of Osun youth translate into tangible achievements that uplift our state and our nation.” In his goodwill message, Hon. Olagunju Moshood Olalekan, Commissioner for Youth Affairs, reaffirmed the government’s commitment to youth-focused policies, praising their resilience and innovation. Oba (Dr.) Michael Odunayo Àjàyí, the Elerinmo of Erinmo-Ijesha, urged young people to blend innovation with discipline, while upholding cultural values as the bedrock of sustainable progress. Captains of industry at the event pledged stronger support for youth-led ventures through mentorship, funding, and partnerships. The celebration concluded with optimism and renewed commitment, as stakeholders affirmed that Osun youth are not just beneficiaries of development but active leaders and partners in building a prosperous future for the state and Nigeria at large. The high-profile event was graced by His Royal Majesty, Oba (Dr.) Michael Odunayo Àjàyí (Arowotawaya II), the Elerinmo of Erinmo-Ijesha Kingdom, the Honourable Commissioner for Youth Affairs, Osun State, Hon. Olagunju Moshood Olalekan, other distinguished royal fathers, top government officials, and captains of industry.

August 17, 2025

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