The state government declaration came amid controversy surrounding existence of the market with over 1,000 traders and companies.
According to the government, relocation of the market to Katangowa in Agbado Oke-Odo Local Council Development Area, was part of the strategy aimed at addressing infrastructural challenges within the state capital.

Ayorinde stressed that Governor Akinwunmi Ambode-led administration was desirous of making Ikeja a model city and would leave no stone unturned in actualizing the dream.
He said: “The Ikeja Model City Master Plan designated the present Computer Village for residential use and that the government will adhere to the plans to make the area more organized, serene and habitable.”
Ayorinde also hinted that the State Government has not issued permit to any individual or organization for construction of an ICT specialized mall directly sited beside the newly built Ikeja Bus Terminal.
The commissioner added that such move is not in line with the state government’s regeneration plan for the capital city.
Hinting on plans already embarked upon to ensure quick relocation of the market,
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