The Lagos State Government, on Wednesday, flagged off the Lagos Market Trader Money Initiative to give N50,000 cash to each of 15, 000 traders in the state to boost their businesses.
Governor Babajide Sanwo-Olu, while unveiling the programme at LTV8, Agidingbi, Ikeja, said the beneficiaries were selected through a methodical process.
The governor said 200 of the beneficiaries were selected from markets in each of the 57 local government areas and local council development areas.
He said 50 beneficiaries were selected by the Iyaloja/Babaloja General in each LGA/LCDA making a total of 14,250 traders.
“750 beneficiaries were identified from markets within the barracks and military formations across the state in collaboration with their respective Iyaloja/Babaloja. This brings the total number of beneficiaries to 15,000.
Credit: Punch
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