Fire razes Opolo Furniture Market in Yenagoa as traders call for Bayelsa government support
An early morning blaze destroyed parts of Opolo Furniture Market in Yenagoa, with traders reporting losses worth millions and appealing for urgent support.
NewsTweetNaija Team
•2 min read•121 views
Nigeria Becomes First African Market to Adopt T+1 Settlement Cycle
Audio Reader
Not supported in this browser
Traders in Bayelsa State are counting heavy losses after an early morning fire destroyed several shops and goods at the Opolo Furniture Market in Yenagoa, with affected business owners saying years of investment were wiped out within hours.
Residents around the market said the blaze began around 4:00 a.m. on Thursday when many people were still asleep. The market, located opposite a well-known filling station in the Opolo area, was engulfed before many shop owners could reach the scene.
At the time of filing this report, officials had not announced a confirmed cause of the incident. However, people in the neighbourhood said there were suspicions that materials burnt overnight by a security guard, reportedly to ward off mosquitoes, might have contributed to the fire. Authorities have not verified that account.
One of the affected workers, Mr Agbedo Matthew, who serves as a caretaker in the market, said he received an emergency call around 4:00 a.m. and rushed over immediately. According to him, what he met was extensive destruction, with flames already spreading across sections of the market.
He said officials of the Bayelsa State Fire Service arrived around 6:00 a.m., nearly two hours after the fire started, and then began efforts to contain the inferno and stop it from extending to nearby structures.
Shop owners and traders said furniture, tools, fittings and other valuable items worth millions of naira were lost in the incident, leaving many families uncertain about how to restart their businesses. Several affected persons appealed to the Bayelsa State Government and relevant agencies for urgent support, including emergency relief and business-recovery assistance.
The incident has also renewed concerns about fire preparedness in major markets across the state, especially access to rapid-response equipment, water points and safety enforcement for overnight operations. Traders in Yenagoa said beyond immediate aid, they want clearer preventive measures to reduce the risk of another large-scale market fire.
Share this story
Source: This article was originally published by Daily Trust. All rights reserved to the original publisher.
Related Stories
Nigeria Becomes First African Market to Adopt T+1 Settlement Cycle
Nigeria has become the first African market to adopt a T+1 settlement cycle, allowing trades to settle one business day after execution. The SEC says this move boosts efficiency and aligns the country with global financial standards.
Global Agencies Warn US-Iran Conflict Hits Vulnerable Nations Hardest
Heads of the World Bank, IMF, WTO, and IEA met in Washington D.C. to assess the Middle East conflict, warning it disproportionately affects vulnerable nations through rising fuel and fertilizer costs.
VFD Group Shareholders Back N0.25 Dividend, Re-Elect Directors At 10th AGM In Lagos
VFD Group Plc shareholders approved a 25-kobo dividend per share and re-elected key directors at the 10th AGM in Lagos, backing the firm's expansion strategy across five major verticals.
Nestle Nigeria Summit Tackles Nutrition, Community Resilience, And Sustainable Food Systems
Stakeholders gathered at the Nestle for Good Summit in Lagos to discuss practical solutions for improving nutrition, strengthening communities, and building sustainable food systems in Nigeria.