Lagos encourages sellers from the city’s municipal markets

Last Updated on 22/06/2021 by VdB

Reducing monthly occupancy rates of stalls and shops is one of the measures adopted to maintain market occupancy and stimulate the operation and dynamisation of these spaces for the consumption of fresh food and other essential products.

The Lacobrigense Executive approved on Wednesday, January 8, at its first meeting in 2020, the proposal to reduce the value of the occupancy rate of stalls, land places and existing stores in both municipal markets of the city (Santo Amaro Municipal Market and the Municipal Market of Avenida dos Descobrimentos).

The measure, which has been adopted since the years of the crisis, has now been extended, given the context which, although of economic recovery, continues to be increasingly demanding in the face of increased competition from large stores.

In view of the difficulties manifested by most sellers, who claim a growing drop in sales due to the impossibility of competing with the prices practiced by the large stores, the Chamber decided to apply to the occupants of all the stalls and stores within the markets a reduction of 50 per cent in the monthly occupancy rates in force during the low season (from January to March and from October to December) and 25 per cent in the months of April to September.

The deliberation also foresees a 10 per cent reduction (from January to December 2020) in the value of rents paid by occupiers of stores outside the Santo Amaro Market, a lower reduction than the others given that these establishments are not subject to Market hours (which only operate in the morning) and have the possibility of operating in the hours of the remaining commerce. These reductions will also be applied retroactively to January 2019.

Concerned about the future of these traditional selling spaces, the members of the executive have also expressed their “commitment to engage in a process of reflection that will allow us to consider and launch, in addition to this, other measures to stimulate demand and ensure the economic viability of small family businesses that are the driving force of municipal markets”.

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