The Lagos State governor, Babajide Sanwo-Olu, is set to launch ‘Lagos Market Trader Money,’ a N750 million financial intervention aimed at supporting 15,000 beneficiaries.
Abisola Olusanya, Lagos State’s Commissioner for Agriculture, made this announcement during a hygiene sensitization event attended by 500 market traders from Ikeja and Oshodi Local Government Areas. The event took place on Saturday at the Lagos Fresh Food Hub in Idi-Oro, Mushin.
According to Olusanya, the commencement ceremony offered the governor a platform to express his care for the market community on Valentine’s Day. As part of the initiative, 15,000 traders spanning all local government areas within the state, with 200 from each LGA, were granted N50,000 each to enhance their businesses.
The governor announced the scheme during the unveiling of the Mid-level agro-product hub at Idi-Oro in the Mushin area of the state. He said the Commissioner for Agriculture and the local government chairmen in the state would meet to map out the modalities for the disbursement of the fund.