Lagos State Governor, Babajide Sanwo-Olu, has launched a trader money initiative to support market men and women in the state. The announcement was made during the inauguration of the food Agro-hub in the Mushin Idi-Oro area of Lagos.
As part of his commitment to traders, Governor Sanwo-Olu revealed that 15,000 traders would receive ₦50,000 each to bolster their businesses before the end of 2023.
To ensure equitable distribution, the governor outlined plans to select 200 traders from each local government area, ensuring that the ₦750 million fund reaches traders across the state.
Sanwo-Olu also highlighted the replication of the mid-level Agro-hub in Mushin Idi-Oro across all five divisions of the state for widespread benefit.
The modern marketplace spans 6,400sq.m, providing ample parking space (3,017sqm) for trailers and vehicles. It features centralized wet and dry storage areas designed for bulk buying.
The state’s Commissioner for Agriculture, Abisola Olusanya, emphasized that this new food distribution approach would address challenges related to post-harvest losses, inflation, carbon footprint, and traffic congestion.
Olusanya further underscored how this initiative aligns with the state government’s commitment to achieving the food systems Agenda in line with Sanwo-Olu’s T.H.E.M.E.S Plus Agenda.
The move signifies a proactive step toward sustainable and efficient food distribution in Lagos, benefiting both traders and consumers alike.
