Sanwo-Olu set to flag-off N750m Lagos trader money

On February 14, the governor of Lagos State, Mr. Babajide Sanwo-Olu, will launch the N750 million “Lagos Market Trader Money” financial intervention program for 15,000 recipients.

At a hygiene sensitization workshop for 500 market men and women from Oshodi and Ikeja Local Government Areas on Saturday at Lagos Fresh Food Hub, Idi-Oro, Mushin, Ms. Abisola Olusanya, State Commissioner for Agriculture, made this statement.

Olusanya claimed that the flag-off ceremony gave the governor a chance to express his affection for the market’s men and women on Valentine’s Day.

“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 News Agency of Nigeria (NAN) reports that the governor had on Dec. 18, announced a N750 million financial intervention scheme for Lagos traders tagged ‘Lagos Trader Money.’

Under the scheme, 15,000 traders across all the local government areas of the state – 200 from each LGA – received N50,000 each to boost their businesses.

The governor announced the scheme during the unveiling of the Mid-level Agro-Produce 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.

He said, “The government has come up with an intervention for all market men and women. The Market/Trader Money is for 15,000 beneficiaries as support.

“Each beneficiary will get N50,000 from the government. Each local government will submit 200 names.”


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