Local Market Modernization

EDGE PALACE- The Royal Place

Edge Palace Estate, one of our fast-selling properties located in Akodo in the heart of Ibeju Lekki, where you can boast of massive commercial infrastructure. The Estate is just beside the Lagos State General Hospital, Akodo. It is about 5 minutes’ drive before the Dangote Refinery, via Lekki-Epe Expressway.


Akodo General Hospital

Akodo Market

Lekki-Free Trade Zone

Dangote Refinery

When you own land or building in this estate, the above places mentioned are where you will like to visit including the Akodo Market (local market).

Local Market and its benefits

Local market referred to as local store marketing or neighborhood marketing specifically targets the community around a physical store or restaurant. Promotional messages are directed to the local population, rather than the mass market. Our area of concentration for today’s local market is located at Kara market eleko and Akodo market.


Kara Market is a developing market. It is basically for a livestock market (e.g.) cow, goat, and sheep as well as Tomatoes. Foodstuffs are also sold in the market.

Kara market is gradually developing where foodstuff is generally cheaper and fresh, and they are directly from the farm. It’s a relief not having to go all the way to the mainland from the Lekki Ajah axis for cheap and fresh pepper, onions, meat, etc.


Akodo market is at Ibeju Lekki few miles away from Edge Palace Estate, Lekki free trade zone, and Dangote Group of Company. The market keeps growing as development hits there.

It’s a nice place to buy foodstuff, household items, and supermarket items.

It’s an open market for most food items, Lagos’ developing city where people largely engaged in fishing.

  • Things that happen when you visit a local market.

You are overwhelmed by the extremely large crowd

The throngs of people who visit the local market daily are numerous. From weekdays to weekends, the market bustles with a crowd of vendors, buyers as well as tourists who crave to discover the essence of the place. Visiting, as a result, can be fun but utterly overwhelming.

You find so many options you can’t make a choice

To succeed in the Local Market, you need to have a sense of purpose and direction. You need to have a vision of what you intend to buy or accomplish while visiting. Each section of the market holds a large variety of each product, from different brands both foreign and local, and for different prices. If you do not know what exactly you want, you will be faced with the challenge of making the right choice.

Most times, visitors find themselves giving in to their inner shopaholics and end up buying so many items that they do not necessarily need. If you know you are weak when it comes to shopping, do not visit the market with your ATM or extra cash. Set a budget at least and stick to it.

You learn to appreciate street foods

Street food vendors are a part of the Lagos local market that you cannot ignore. From the entrance of the market to whatever exit you choose, the aroma of different local meals assaults your nostrils, tying your intestines into knots and ensuring you crave a taste of the gastronomies. As there are very few fast-food joints around the market, most times you are forced to patronize these street foods, from fries (yam, plantain, bean cake) to Abacha, even pepper soup, and more. Having a taste of these foods gives you a chance to appreciate the foods that most other boulevards in Lagos have to offer.


1. Authentic Experiences

Local markets offer genuine experiences, unlike the often scripted and gaudy experiences that most major tourist attractions offer.

Yes, you breathe, and breathe again, that lingering smell of fish.

Yes, that fishmonger is overly expressive in convincing his customers that his fish are the freshest ones in the whole wide world.

Yes, one poor fish is missing its head, as you spot a discarded fish head in the gutter.

Yes, it is all real. Everything is real. And good.

2. Interact With The Locals

Local markets are a great place to interact with the locals. Many merchants warmly welcome curious tourists who show an interest in their livelihoods. The merchants may be very pleased to give you a quick show and tell of what they sell and proudly ask you to photograph their fresh produce (with seeing is believing confidence in their product’s freshness!). Local markets are also full of colorful personalities, many of whom you won’t forget long after you left the market

3. Try Some Local Food

Local markets are a great place to try authentic local cuisine and snacks. Stalls in the local markets tend to cater to the local shopper crowds so they offer menus that are not “internationally”-influenced by tourist taste buds. You may also like to try some of the fresh produce or the fresh seafood (which are probably as fresh as they can get).

4. Practice Your Haggling Skills

Never haggled? It’s fun! More than just saving on a few dollars (or cents), it provides a great opportunity for interaction with friendly local sellers. A friendly banter never hurts anyone, and remember, practice makes perfect! If it works out, great, you’ve got yourself a steal, otherwise, move on to next door.

5. Markets Are Free

You don’t have to pay a cent to have a good time at the local market! You will leave much richer with great memories.

Benefits Of Local Markett

  1. Generate Local Employment: 

Local markets generate local jobs and the potential for new employment opportunities associated with new IT, sharing economy, and decentralized technology solutions. New jobs can be created related to internet-based services for sales & marketing, logistics, facility-sharing, agro-advisory, accounting & finance, and legal advice, as well as new employment opportunities related to small-scale food processing, packaging, storage, and distribution.

  1. Create New Business Opportunities:

Mobilizes professionally residents, encouraging them to undertake innovative economic and social initiatives locally in the field of production, processing, and distribution of locally produced food. Local government can reduce the risks and costs of setting up new businesses and strengthening or re-orienting existing businesses, as these are spread across the local market as it is being created (e.g. trademarks and branding of a buyers’ club), but generating individual benefits (sales). By creating new business opportunities, local markets Generate also a Market for new knowledge, skills, and competencies.

  1. Make the Region More Attractive to Visitors & Investors: 

Local markets promote the identity of a locality or Region by building a sense of belonging for residents and integrating local initiatives into a single whole while Building the attractiveness of the Region for tourists, investors, and others in the country and abroad.

  1. Contribute to food security:

Retaining and sustaining food production capabilities and resources Locally is critical to assuring food security.

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