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The Lagos State governor, Babajide Sanwo-Olu, has announced the launch of the ‘Lagos Market Trader Money,’ a financial intervention program aimed at supporting 15,000 beneficiaries with a total fund of N750 million.
This initiative was unveiled by Abisola Olusanya, Lagos State’s Commissioner for Agriculture, during a hygiene sensitization event attended by 500 market traders from Ikeja and Oshodi Local Government Areas.
The event, which took place at the Lagos Fresh Food Hub in Idi-Oro, Mushin, provided Governor Sanwo-Olu with an opportunity to express his care for the market community on Valentine’s Day.
Olusanya shared that the governor had promised N50,000 per beneficiary for 15,000 people through the Lagos Market Trader Money program, which will be officially launched on Valentine’s Day.
She emphasized that this initiative demonstrates the governor’s commitment to addressing the needs of market traders and his belief in the collective effort to overcome challenges and emerge stronger.
Previously, Governor Sanwo-Olu had announced the ‘Lagos Trader Money’ scheme, a financial intervention of N750 million for Lagos traders.
As part of this scheme, 15,000 traders from all local government areas within the state were granted N50,000 each to support their businesses.
The governor made the announcement during the unveiling of the Mid-level agro-product hub at Idi-Oro in the Mushin area.
The Commissioner for Agriculture and the local government chairmen will collaborate to develop the modalities for the disbursement of the fund.
Governor Sanwo-Olu highlighted that the Lagos Market Trader Money program aims to provide business grants to cushion the impact of economic challenges and empower small businesses.
This article was updated 10 months ago
