The Lagos State Government proudly unveils the Lagos Market Trader Money Initiative, a transformative program aimed at uplifting local traders and bolstering economic growth within communities. Spearheaded by the Ministry of Agriculture under the esteemed leadership of Honourable Commissioner Ms. Abisola Olusanya, this initiative reflects the Government’s steadfast commitment to fostering sustainable livelihoods and prosperity for all citizens.
The official launch event, held on Wednesday, February 14, 2024, at the prestigious Blue Roof LTV8 in Agidingbi, Ikeja, drew together a diverse spectrum of stakeholders, including distinguished market leaders, government officials, and community representatives. The occasion served as a celebration of this pivotal initiative poised to redefine economic empowerment in Lagos State.
Honourable Commissioner Ms. Abisola Olusanya, in her address, expressed profound enthusiasm for the initiative’s commencement, highlighting its paramount importance in advancing economic inclusivity and opportunity. Under the visionary stewardship of Governor Mr. Babajide Olusola Sanwoolu, the Lagos Market Trader Money Initiative represents a strategic leap towards harnessing the economic potential of local markets to propel sustainable development.
Governor Mr. Babajide Olusola Sanwoolu echoed these sentiments, reaffirming the Government’s unwavering dedication to supporting small-scale traders and fostering an enabling environment for business growth. With Lagos standing as the largest market city-state in sub-Saharan Africa, the initiative holds boundless promise for catalyzing economic dynamism and facilitating enhanced market access for traders.
The Lagos Market Trader Money Initiative will extend financial support to 15,000 market traders, with each beneficiary receiving a grant of N50,000. This injection of capital aims to empower traders to expand their enterprises, spur increased food production, and contribute to the overall economic vitality of the State.
The selection process for beneficiaries was conducted with the utmost transparency and equity, ensuring the identification of deserving individuals from every corner of Lagos State’s fifty-seven LGAs and LCDAs. This equitable approach underscores the Government’s unwavering commitment to equitable resource allocation and opportunity dissemination.
As the Lagos Market Trader Money Initiative unfolds, it is poised to effect tangible change in the lives of traders and communities alike. With continued Government support and robust stakeholder engagement, the initiative is poised to propel sustainable economic growth and prosperity throughout Lagos State.
