Economy and Business

Jubilation in Lagos as Sanwo-Olu fixes date for distribution of N750 million to 15,000 Nigerians

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

Abisola Olusanya, the Lagos State Commissioner for Agriculture, disclosed 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 was an opportunity for 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,” she said.

“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 added.

Sanwo-Olu had on December 18, 2023, announced a N750 million financial intervention scheme for Lagos traders tagged ‘Lagos Trader Money.’

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

The governor announced the scheme during the unveiling of the Mid-level Agro-Produce Hub at Idi-Oro in the Mushin area of the state.

He said the Commissioner for Agriculture and the local government chairmen in the state would meet to map out the modalities for the disbursement of the fund.

He said, “The government has come up with an intervention for all market men and women. The Market/Trader Money is for 15,000 beneficiaries as support.

“Each beneficiary will get N50,000 from the government. Each local government will submit 200 names.”

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