Popular second-hand cloth market, Katangowa in Agbado/Okeodo Local Council Development Area, along the Lagos-Abeokuta Expressway, is on fire.
Several second-hand clothes and shops have been affected by the inferno, which residents started around 3am.
Men of the state fire service located just a stone-throw away and officials of the Lagos State Emergency Management Agency have been mobilised to quench the fire.
J Policemen from the Oke Odo Divisional Headquarters are also on ground to prevent the looting of unaffected shops.