SANWO-OLU INAUGURATES LAGOS MARKET ADVISORY COUNCIL, URGES TRADERS TO PROMOTE INTEGRITY

Read Time:2 Minute, 56 Second

By: Sefiu Ajape

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday inaugurated the Lagos State Market Advisory Council (LASMAC), tasking its members with the responsibility of strengthening market operations, enhancing security, promoting ethical trade practices, and fostering a thriving business environment across the state.

Addressing the newly sworn-in 21-member council, led by the Iyaloja-General of Lagos, Chief (Mrs.) Folashade Tinubu-Ojo, at Lagos House, Ikeja, Governor Sanwo-Olu emphasized the need for diligence, transparency, and inclusivity in their operations.

He urged traders across the state to avoid unethical practices in their dealings, stressing that the council must adopt a proactive and accountable approach to market administration.

Governor Sanwo-Olu reaffirmed his administration’s commitment to supporting the trading community through well-thought-out policies, infrastructure upgrades, and capacity-building initiatives.

He noted that markets remain vital not only to the state’s economic engine but also to the social fabric of its communities.

He said: “Our markets are more than just places to buy and sell; they are lively hubs of culture, innovation, and social connection. They support the livelihoods of millions of Lagosians and play a vital role in the economic growth of the state. With this in mind, this administration made it a priority to focus on the development, security, and sustainability of our markets.

“The growth and ongoing development of LASMAC truly reflect our dedication to inclusive governance. By uniting market leaders, traders, and government officials, LASMAC acts as a vital hub for finding solutions, conversation, and teamwork. It guarantees that our traders’ voices are heard, their issues are addressed, and their businesses receive the support they need.

“This administration is fully committed to supporting you through thoughtful policies, infrastructure improvements, and initiatives that build capacity. I want to emphasise that your success is directly tied to the success of Lagos State. I truly believe that with your commitment and collaboration, we can modernise our markets, enhance access to technology, and create trading environments that are safer, cleaner, and more efficient.

“I congratulate members of our new Market Advisory Council, and I look forward to seeing our markets developed as true reflections of the vibrant, resilient, and entrepreneurial spirit of Lagos.”

Speaking earlier, Lagos State Commissioner for Local Government, Chieftaincy Affairs and Rural Development, Mr Bolaji Robert, said the swearing in of new LASMAC members is another great stride by the Governor Sanwo-Olu administration in ensuring continuous growth of the economy and fostering development of various markets in Lagos State.

He said the inauguration is in accordance with the bye-laws that established the Lagos State Market Advisory Council, noting that the new Council comes on board a diverse group of individual leaders in their fields, who are passionate advocates for market development.

Roberts said LASMAC members were carefully selected, with each of them bringing their experiences to bear to enhance the market structure and system, thereby serving the needs of all stakeholders of the State.

In her vote of assurance, the Iyaloja-General and Chairman of Lagos State Market Advisory Council, Chief Folashade Tinubu-Ojo, commended the Lagos State Government for its support for traders.