Governor Babajide Sanwo-Olu of Lagos State will inaugurate a N750 million financial intervention initiative called ‘Lagos Market Trader Money’ benefiting 15,000 recipients on February 14th.
Speaking at a hygiene sensitisation event attended by 500 market men and women from Ikeja and Oshodi Local Government Areas, Abisola Olusanya, the State Commissioner for Agriculture, highlighted the significance of the scheme’s launch on Valentine’s Day.
Olusanya emphasized that the initiative demonstrates the governor’s commitment to supporting market traders and his acknowledgment of their challenges, aiming to empower them economically.
“By Wednesday, Valentine’s day, Mr governor is going to be showing love to market traders, men and women in Lagos.
“He promised them N50,000 per beneficiary for 15, 000 people for the Lagos Market Trader Monei; he is going to be launching it on that day.
“It is part of his show of love to say we hear you, we hear your cry, we are all in this together and we will come out of this better and stronger,” she said.
The N750 million financial intervention scheme, announced by Governor Sanwo-Olu on December 18th, aims to bolster the businesses of traders across Lagos. Under the ‘Lagos Trader Money’ program, 15,000 traders, 200 from each local government area, will each receive N50,000 to enhance their businesses.
The governor, during the unveiling of the Mid-level Agro-Produce Hub at Idi-Oro in the Mushin area, outlined the mechanism for fund disbursement, indicating collaboration between the Commissioner for Agriculture and local government chairmen to facilitate the process.
