Sanwo-Olu Launches Palliative Scheme For Low-income Traders In Lagos

By Daniel Dafe

Governor of Lagos State, Babajide Sanwo-Olu, on Sunday launched a fresh palliative scheme in Lagos to support low-income traders.

The governor who said this Sunday evening in a post on X, added that “the Lagos Market Trader Money in its first phase will provide N50,000 business grants to 15,000 traders across our 57 local councils.”

According to him, “this initiative aims to cushion the impact of economic challenges and empower small businesses.”

He continued: “I made this announcement at the commissioning of the middle-level Fresh Food Agro Hub in Mushin, expanding our food supply chain. This milestone facility signifies a turning point in Lagos’ food distribution system, paving the way for improved logistics and modernization of our markets.”

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“The inauguration of the Fresh Food Agro Market in Mushin aligns with our vision for a coordinated food security network. Our roadmap prioritizes boosting food production, processing, and marketing. This facility maximizes storage and offers consumers affordable fresh farm produce.

“I am grateful for the support and appreciation from traders and community leaders in Mushin. The completion of this market project and the launch of Lagos Market Trader Money is a step towards bettering the lives of our market communities.

“Together, we’ll ensure a thriving and secure market environment for all,” he wrote.