Governor Babajide Sanwo-Olu fulfills his pledge made during the commissioning of the Mid-Level Agro Produce Hub by launching the Lagos Market Trader Money program. This initiative aims to empower 15,000 small-scale traders with a total sum of N750 million. The objective is to stimulate economic growth and improve livelihoods within Lagos State, home to over 24 million people.
Lagos is actively revamping its food market infrastructure to minimize wastage and increase accessibility. Projects such as the Lagos Central Food Security System and Logistics Hub, alongside the ongoing development of Mid-Level Agro-Produce Hubs, demonstrate the state’s commitment to enhancing its food market ecosystem.
The launch of the Lagos Market Trader Money program marks the distribution of N50,000.00 to each of the 15,000 selected traders. The selection process prioritizes fairness and inclusivity, with 74% of beneficiaries being women, representing various geographical regions. This initiative aligns with the THEMES+ Developmental Agenda, focusing on transforming food systems and stimulating economic activities across the state.
Governor Sanwo-Olu emphasizes the importance of utilizing the grant responsibly for economic empowerment. He reiterates the administration’s dedication to ensuring affordable food access for all Lagosians, thus reinforcing the program’s contribution to food security objectives.
