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Relocation: New ‘computer Village’ Ready In 24 Months – Developer

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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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Mr Jimmy Onyemenam, Developer, Bridge Ways Investment,
says it will take 24 months for the first phase of the new
Information Communication Technology (ICT), market at
Katangowa, to be completed.
He said this would facilitate the relocation of the ICT market
(Computer village) in Ikeja.
Onyemenam disclosed this during a visit to the new site, by
the executives of the Phone and Allied Products Dealers
(PAPDA), and other stakeholders of the Computer village.
News Agency of Nigeria (NAN) reports that Bridge Ways LTD is
the Lagos State Government approved developer for the new
ICT market.
The developer said that the relocation might have appeared
slow but eminent, as it is the government’s position.
Onyemenam said the relocation would not change what was
being done at the Computer village but rather, enhance it, as it
would house more facility.
According to him, the new ICT market would have an
industrial park where trailers and containers could be parked
by major exporters, warehouses and an assembling plant for
coupling handsets and computers.
He further stated that it would also house eight floor
innovation and technology hub, which would be the largest in
”Acquiring a space is done in such a way that it is easy for a
common man in Computer village to afford, except he is not
”The arrangements has been done in such a way that it is
based on ones cash flow, that one can key in and pay
gradually until the shop space is ready.
”But if you wait until that time, it will become a challenge
because you will dig deep and bring out your money in bulk,”
he said.
According to him, they are talking to the government to secure
certain incentives, which if members key into today, will be to
their benefit.
Onyemenam said that a five per cent interest per annum on
loans in one of the banks had been offered, which will be done
in a way and manner convenient for members.
He further noted that all the grey areas had been cleared,
adding that there would be no need for a house to be used as
collateral because one wants to buy a shop.
The developer stated that it was a known fact that not
everyone had the financial backing to acquire a shop at the
new ICT market hence, the need to leverage on the newly
proposed payment method.
Onyemenam said that the reason behind such gesture was
because of the unfavourable state of the economy in recent
times, following the outbreak of the Coronavirus pandemic.
He explained that it would be wise for the association to talk
to its members and get them to understand and not give up
because the relocation talk had been on for over 15 years.
According to him, the instalment payment would guarantee a
shop space and a title that could guarantee a loan from the
He, however, advised that on procuring the title, it should be
registered with the Lagos State Government, that had been
responsible and responsive to the needs of the people.
Responding, Mr Ifeanyi Akubue, the PAPDA President, said the
stakeholders would go back home to tell the people on the
reality of the ICT market.
Akubue said the executives would sensitise their members to
the need to key into the project by acquiring the shop on time,
so as not to be left out.
He said that the movement was long overdue, as members
were looking forward to a bigger and more conducive

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