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GOVERNOR Babajide Sanwo-Olu has fulfilled his promise to market men and women as he flagged off distribution of N750 Million Financial Intervention Scheme tagged, “Lagos Market Trader Money” for 15,000 beneficiaries in the state.
Sanwo-Olu pointed out in his official X.com account available to SOJ WORLDWIDE that each beneficiary drawn from the six geographical zones in Nigeria but are residents in Lagos will receive N50,000.
“Today, in fulfilment of my promise to market men and women, I flagged off the distribution of the N750million financial intervention scheme tagged “Lagos Market Trader Money” for 15,000 beneficiaries.
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The beneficiaries, who received N50,000 each, were drawn from across all the six geo-political zones of Nigeria, but are all residents of Lagos.
This gesture aims to boost economic activities in food markets as part of our administration’s THEMES+ developmental agenda. This initiative was conceptualized as a stop-gap measure to empower small-scale traders in the Food Systems by providing them financial support to expand their businesses thereby fostering economic growth and improving the lives of many within the State.
It is also good to note that 75% of the beneficiaries are women while the remaining 25% are men. This goes to show the importance of social inclusiveness in implementing this initiative.”
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