In a move aimed at strengthening market governance and improving economic coordination across Lagos State, Governor Babajide Sanwo-Olu on Monday swore in the new members of the Lagos State Market Advisory Council (LASMAC) at a ceremony held at the Banquet Hall of Lagos House, Alausa, Ikeja.
The governor emphasised the strategic importance of markets to the state’s economy and community life, describing them as ‘lively hubs of culture, innovation, and social connection’ that support the livelihoods of millions.
Addressing the members, Sanwo-Olu said, ‘You have a significant responsibility ahead of you, to work diligently on improving market operations, enhancing security, promoting fair trade practices, and creating an environment where businesses can flourish’.
He acknowledged the contributions of the outgoing council members, commending their commitment to improving market security and championing traders’ interests.
‘Your legacy will undoubtedly inspire the new council as they step into their roles’, he said.
Sanwo-Olu noted that the growth of LASMAC reflected his administration’s 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’, he said.
The governor urged the new council to be proactive, transparent, and inclusive in their approach, calling for close collaboration with market stakeholders and government agencies to implement practical solutions. ‘Your success is directly tied to the success of Lagos State’, he stressed.
Earlier in his welcome address, the Commissioner for Local Government, Chieftaincy Affairs, and Rural Development, Bolaji Robert, noted that the council’s inauguration followed the expiration of the previous council’s three-year tenure, as stipulated by the bylaws.
‘This occasion is another great stride by the administration of Mr Babajide Sanwo-Olu in ensuring continuous growth of our economy and fostering the development of our various markets in the state’, Robert said.
He described the new 21-member council as a ‘diverse group of individual leaders in their fields’ who were carefully selected to bring their experience and vision to enhance Lagos’ market systems.
