Sanwo-Olu to start cost of N750 million to Lagos merchants on Feb. 14

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The Lagos State governor, Babajide Sanwo-Olu, is about to launch ‘Lagos Market Dealer Cash,’ a N750 million monetary intervention geared toward supporting 15,000 beneficiaries.

Abisola Olusanya, Lagos State’s Commissioner for Agriculture, made this announcement throughout a hygiene sensitization occasion attended by 500 market merchants from Ikeja and Oshodi Native Authorities Areas.

The occasion happened on Saturday on the Lagos Contemporary Meals Hub in Idi-Oro, Mushin.

In accordance with Olusanya, the graduation ceremony supplied the governor a platform to specific his take care of the market neighborhood on Valentine’s Day.

“By Wednesday, Valentine’s Day, Mr governor goes to be exhibiting like to market merchants, women and men in Lagos.
“He promised them N50,000 per beneficiary for 15, 000 folks for the Lagos Market Dealer Monei; he’s going to be launching it on that day.
“It’s a part of his present of affection to say we hear you, we hear your cry, we’re all on this collectively and we’ll come out of this higher and stronger,” she mentioned.

What you must know

Earlier, Nairametrics reported Governor Babajide Sanwo-Olu introduced an N750 million monetary intervention scheme for Lagos merchants tagged ‘Lagos Dealer Cash.’
As a part of the initiative, 15,000 merchants spanning all native authorities areas throughout the state, with 200 from every LGA, had been granted N50,000 every to reinforce their companies.
The governor introduced the scheme in the course of the unveiling of the Mid-level agro-product hub at Idi-Oro within the Mushin space of the state.
He mentioned the Commissioner for Agriculture and the native authorities chairmen within the state would meet to map out the modalities for the disbursement of the fund.
The governor mentioned:
“The Lagos Market Dealer Cash in its first section will present N50,000 enterprise grants to fifteen,000 merchants throughout our 57 native councils. This initiative goals to cushion the affect of financial challenges and empower small companies.
“I made this announcement on the commissioning of the middle-level Contemporary Meals Agro Hub in Mushin, increasing our meals provide chain. This milestone facility signifies a turning level in Lagos’ meals distribution system, paving the way in which for improved logistics and modernization of our markets.”