The market serves as a major source of economic growth for Offa and surrounding communities[1] including the nearby villages of Ijagbo, Erin-ile, Ojoku,[2] Ikotun, Igosun, Ilemona, Irra, Inisha.
On 5 April 2018, the town of Offa experienced a robbery which resulted in the loss of 18 lives, comprising nine police officers and eight civilians.
[3][4] The Owode Market has experienced numerous fire incidents resulting in the loss of goods worth millions of naira.
The Offa Descendants' Union,[5] a predominant social and cultural group within the community, intervened to assist the affected market vendors, prior to support from the state government.
[6] Their assistance paved the way for the establishment of the Owode Ultra Modern Market: the reconstruction and renovation of the market to meet national standards, made possible with contributions from various philanthropists and benefactors within the community.