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Sanwo-Olu to flag off N750 million ‘trader money’ for 15,000 beneficiaries on February 14

Ms Olusanya said the flag-off exercise allowed Mr Sanwo-Olu to demonstrate his love for the market men and women on Valentine’s Day.

• February 10, 2024
Babajide Sanwo-Olu
Babajide Sanwo-Olu [Credit; X]

Lagos State Governor Babajide Sanwo-Olu will flag off a N750 million financial intervention scheme tagged “Lagos Market Trader Money” for 15,000 beneficiaries on February 14.

Abisola Olusanya, the state Commissioner for Agriculture, said this during a sensitisation programme on hygiene for 500 market men and women from Ikeja and Oshodi local government areas on Saturday at Lagos Fresh Food Hub, Idi-Oro, Mushin.

Ms Olusanya said the flag-off exercise allowed the governor to demonstrate his love for the market men and women on Valentine’s Day.

“By Wednesday, Valentine’s Day, Mr governor is going to be showing love to market traders, men and women in Lagos.

“He promised them N50,000 per beneficiary for 15,000 people for the Lagos Market Trader Money; he is going to be launching it on that day.

“It is part of his show of love to say we hear you, we hear your cry, we are all in this together, and we will come out of this better and stronger,” she said.

On December 18, the governor announced a N750 million financial intervention scheme for Lagos traders.

Under the scheme, 15,000 traders across all the state’s local government areas – 200 from each LGA – will receive N50,000 each to boost their businesses.

The governor announced the scheme during the unveiling of the mid-level agro-product hub at Idi-Oro in the Mushin area of the state.

He said the Commissioner for Agriculture and the local government chairs would meet to map out the modalities for disbursing the fund.


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