Sanwo-Olu Launches Lagos Market Traders Money

* Inaugurates first agro-food market hub in Mushin

Segun James

The Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday, launched a N750 million Lagos Market/Trader Money to aid traders in the state.
The initiative was part of efforts to address the hardship being experienced in the country at the moment.
Sanwo-Olu, who made the declaration during the commissioning of a Mid-Level Agro-produce Hub, at Idi-Oro, Mushin, said at least 200 traders in markets from the 57 councils areas in the state would benefit.

He said not less than 15,000 persons would have access in the first phase.
“The government has come up with an intervention for all market men and women. The Market/Trader Money for 15,000,000 beneficiaries as a suport. Each beneficiary will get N50,000 from government,” he said.

The governor explained that each local government would submit 200 names, adding that the Iyaloja, Babaloja would get 50 slots in each of the market.
While stressing that markets in military formations would also benefit, Sanwo-Olu said, “This will be the first attempt. This is what the president is talking about. You can imagine somebody that is selling fruits, this will make her to get more money and be able to sustain lives.”
On the market hub, he stated that the facility sited on 6,400sq.m of land was with adequate car/truck parking area, and with centralised dry and cold storage systems, giving the market players the economies of scale to make decent profits.