25/09/2025
History of Isinkan Market, Akure
Isinkan is an ancient community in Akure South, Ondo State, with its own traditional ruler, the Iralepo of Isinkan. Oral tradition traces the name to Usi (altar) and kan (one), reflecting its spiritual heritage. The market has always been central to the community’s identity and economy, closely tied to cultural landmarks and traditions.
One of the oldest symbols of Isinkan’s market history is the 600-year-old baobab tree (Igi Ose) near Ita-Owa, close to the palace. Oral accounts say it was planted by an early Iralepo following Ifa divination, and the site around the tree became a natural market gathering point for trade with neighbouring communities like Isolo, Akure, Oda, and Oba.
For centuries, the market was located directly in front of the Iralepo’s palace, much like the Oja Oba in Akure. Around 1976, it was moved to a larger site near Yeye Grove to accommodate growing commercial activity. This relocation marked a turning point in the market’s development, paving the way for modernization.
In more recent times, governments have invested in upgrading the market. In 2011, Governor Olusegun Mimiko commissioned the “Caring Heart Neighbourhood Market” (Phase II), with nearly 500 shops and modern facilities such as toilets, police post, crèche, and a fire station. In 2018, the federal government introduced a Market Power Project, providing electricity to boost small businesses and traders.
The market is also a stage for cultural and political disputes. For example, during Akure’s Aheregbe Festival, markets in Akure close, but Isinkan keeps its market open, insisting the festival is not part of its tradition. Legal battles have also arisen over the recognition of the Iralepo, but courts have affirmed his authority, securing Isinkan’s autonomy over its markets.
Thus, Isinkan Market is more than a trading hub — it represents the intersection of tradition, economy, and modern governance.