Sanwo-Olu inaugurates Lagos Market Advisory Council to drive reforms

Lagos State Governor, Babajide Sanwo-Olu, on Monday inaugurated the Lagos State Market Advisory Council (LASMAC), charging the newly sworn-in members with the responsibility of reforming market operations across the state. The governor emphasized the importance of promoting security, fair trade, and a thriving business environment.

At the swearing-in ceremony held in Lagos, Governor Sanwo-Olu urged traders to eschew unethical practices and encouraged LASMAC members to adopt a proactive, transparent, and inclusive approach in discharging their duties.

The 21-member council is chaired by the Iyaloja-General of Lagos, Chief Folashade Tinubu-Ojo. The governor reiterated his administration’s commitment to supporting traders through enabling policies, infrastructural development, and capacity-building initiatives.

“Markets in Lagos are more than just commercial spaces,” Sanwo-Olu stated. “They are vibrant hubs of culture, innovation, and social connection. They support the livelihoods of millions and play a critical role in the economic growth of our state.”

He noted that LASMAC would serve as a collaborative platform for dialogue between market leaders, traders, and government officials, ensuring that traders’ voices are heard and their concerns addressed.

“The establishment and development of LASMAC is a reflection of our commitment to inclusive governance,” the governor said. “Your success as traders and council members directly influences the success of Lagos State. Together, we can modernize our markets, integrate technology, and foster safer, cleaner, and more efficient trading environments.”

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He congratulated the newly inaugurated members and expressed confidence in their ability to transform Lagos markets into true reflections of the state’s entrepreneurial spirit.

Earlier, Commissioner for Local Government, Chieftaincy Affairs, and Rural Development, Bolaji Robert, described the inauguration as another milestone in Governor Sanwo-Olu’s efforts to strengthen the state’s economy and improve market structures.

He noted that the new council was constituted in line with the bye-laws that established LASMAC, and comprises a diverse group of experienced individuals passionate about market development.

“Each member brings a wealth of experience and a shared commitment to improving market systems,” Robert said. “Their collective expertise will help address the needs of all stakeholders and enhance the overall market environment across Lagos State.”

In her vote of assurance, Chief Folashade Tinubu-Ojo, the Iyaloja-General and newly appointed Chairperson of LASMAC, reaffirmed the council’s readiness to work collaboratively with the state government and stakeholders to elevate market operations and champion the interests of traders across the state.