Something like this is common in Lagos.
This association is celebrating end-of-year party this morning in Osunba, Igando area of Lagos.
This kind of association is not limited to Lagos. Throughout the country, various traders have association, small or large.
While their main purpose is to control price and keep others in check, who might be interested in the trade, they also play other roles to their members. They run micro savings for members. They render social assistance to members who might be disadvantaged. And they for solidarity in fighting legal battles.
They also have areas of weakness. Because the government of the country has not created trade environment in proper legal framework, some of these associations go beyond their boundaries at time. In some cases, they try to stop others from doing the same business in certain locality if they are not registered with them even though these others are registered with the government. They often do not realise that they are mere voluntary unions. They horde social and civil goods and generate unwarranted scarcity and inflation. And because of lack of adequate financial schemes for trade related programs in the country, most or all of these associations are exposed to various scams and heartless microfinance dupes.
While some of the roles they play are valuable and commendable in the Nigeria society, there are still areas the government needs to assist. In this way, their intended values will trickle down to the ends of the society.
This association is celebrating end-of-year party this morning in Osunba, Igando area of Lagos.
This kind of association is not limited to Lagos. Throughout the country, various traders have association, small or large.
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| Association members dancing during ceremony |
They also have areas of weakness. Because the government of the country has not created trade environment in proper legal framework, some of these associations go beyond their boundaries at time. In some cases, they try to stop others from doing the same business in certain locality if they are not registered with them even though these others are registered with the government. They often do not realise that they are mere voluntary unions. They horde social and civil goods and generate unwarranted scarcity and inflation. And because of lack of adequate financial schemes for trade related programs in the country, most or all of these associations are exposed to various scams and heartless microfinance dupes.
While some of the roles they play are valuable and commendable in the Nigeria society, there are still areas the government needs to assist. In this way, their intended values will trickle down to the ends of the society.

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