Sanwo-Olu Set to Launch N750 Million Financial Intervention Fund for Lagos Traders

Governor Babajide Sanwo-Olu of Lagos state is gearing up to unveil the ‘Lagos Market Trader Money’ initiative, a N750 million financial intervention aimed at assisting 15,000 beneficiaries.

The announcement was made 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 took place at the Lagos Fresh Food Hub in Idi-Oro, Mushin.

Olusanya revealed that the launch, scheduled for Valentine’s Day, will see each beneficiary receive N50,000 to bolster their businesses. This gesture, according to her, demonstrates the governor’s commitment to supporting the market community amid economic challenges.

Governor Sanwo-Olu had previously unveiled the initiative during the inauguration of the Mid-level agro-product hub in Mushin.

He emphasized the importance of empowering small businesses, particularly in the wake of economic difficulties.

The scheme, which targets traders from all 57 local councils in the state, aims to cushion the impact of economic challenges and pave the way for improved logistics and modernization of markets.

The disbursement modalities will be coordinated by the Commissioner for Agriculture and local government chairmen in the state.

Total
1
Shares
0 Share
0 Tweet
1 Pin it
0 Share
0 Share
0 Share
0 Share
0 Share
0 Share

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Please, Support Our Work!
Good journalism supports accountable democracy and a transparent government. For continued free access to our factual reports, we ask you to consider making a modest support to this noble endeavour. By contributing to REPORT AFRIQUE, you are helping to sustain a journalism of good concience and ensuring it remains free and available to all. HTML tutorial
Related Posts