Governor Babajide Sanwo-Olu on Sunday launched a N750 million Lagos Market/Trader Money to assist 15,000 traders in their states as part of measures to address the hardship in the country.
Speaking at the commissioning of a Mid-Level Agro-produce Hub, at Idi-Oro, Mushin, the Governor said each beneficiary, in the first phase of the exercise, would get N50,000 from the government.
He added that each Local Government would submit 200 names, while both the Iyaloja and Babaloja were expected to get 50 slots each, in each of the markets, adding that markets in military formations would also benefit.
On the commissioning, Governor Sanwo-Olu expressed excitement, describing the Agro-produce Hub as another milestone toward achieving the state government’s food security objective.
The Agro-produce Hub, sited on 6,400 sq.m of land, according to Governor Sanwo-Olu, is with adequate car/truck parking area, and with centralized dry and cold storage systems, giving the market players the economies of scale to make decent profits.
According to him, the facility, the first in the state, will herald a turning point in the State’s Food Distribution System, saying that the Food System Transformation Agenda was adopted as a measure to improve the current system which is inundated by wastage, post-harvest losses, traffic congestion, among others that resulted in the loss of over 50 percent of agricultural produce, most especially in perishables.
