Lagos State Governor Babajide Sanwo-Olu on Tuesday laid the foundation stone for an ultra-modern Alaba-Rago Transnational Market in the Iba Local Government Council Development Area.

The governor was represented by his Special Adviser on EGIS and Urban Development, Dr Olajide Babajide.

He said that the re-development of the market was in line with market transformation moves of his administration’s THEMES Plus Agenda.

He said that the state government would work together with the Alaba-Rago community on the revitalisation, re-development and renewal of the market.

According to him, the market has been there for a long time and is deteriorating.

Mr Sanwo-Olu said that after several stakeholders’ meetings, the government conceived the renewal of the market.

He said, “We have just laid the foundation stone for the new Alaba-Rago Transnational Market. This market belongs to Alaba-Rago people.’’

The governor said that there was a need for parties involved in the project to remain true.

He said that the re-development would involve the state and local governments, market leaders, community and the land owners.

 The governor assured traders, whose shops were demolished for the re-development, that they would be allocated spaces upon completion of the project within the next 24 months.

.In a goodwill message, the state Commissioner for Local Government and Chieftaincy Affairs,Kayode Robert, who oversees market management, thanked the governor for the gesture.

Also, the Iba LCDA Chairman, Yisa Jubril, expressed gratitude to Mr Sanwo-Olu  for further bringing development to the grass-roots.

The new Alaba-Rago Transnational Market, when completed in 24 months, will have over 5,000 shops, an event hall and banks, among other facilities.

The other facilities include a hotel, fire station, abattoir, place of worship, sewage treatment plant, police post, recreation centre and parking arena. 

 (NAN)