Seyi Makinde, Oyo State Governor ordered the immediate reopening.
The decision is coming barely two weeks after the market was shut down due to crisis between traders that led to the loss of lives and property in the Akinyele local government area of the state.
The Iroko market has being fingered by the Shasha traders to have being established by suspected individuals who are fuelling the Shasha market crisis in order to create a competition for the Shasha market.
Makinde who earlier dropped the hint of the reopening also gave the directive during a meeting with the leaders of the two warring communities at the House of Chiefs, Secretariat, Agodi, Ibadan.
According to the governor, the decision to reopen the market was necessitated by the declining economic situation and the peculiarities associated with the state, adding that he would reopen the market for the traders to continue with their commercial activities.
He said: “Considering the economic situation and the peculiarities we have with us, I have heard what you said, and we will immediately reopen the Shasha market. They will bring bulldozer to the market today.