Gov Babajide Sanwo-olu of Lagos State on Tuesday laid the foundation stone for an ultra-modern Alaba-Rago Transnational Market in Iba Local Government Council Development Area (LCDA).
The governor was represented by Dr Olajide Babajide, his Special Adviser on EGIS and Urban Development.
He said that the re-development of the market was in line with market transformation moves of his administration’s THEMES Plus Agenda.
He said that the state government would work together with the Alaba-Rago community on the revitalisation, re-development and renewal of the market.
According to him, the market has been for a long time and is deteriorating.
Sanwo-Olu said that after series of stakeholders meetings, the government conceived renewal of the market.
“We have just laid the foundation stone for the new Alaba-Rago Transnational Market.
“This market belongs to Alaba-Rago people,” he said.
The governor said that there was need for all parties involved in the project to remain true.
He said that the re-development would involve the state and local governments, market leaders, the community and the land owners.
The governor assured traders, whose shops were demolished for the re-development, that they would be allocated spaces on completion of the project within the next 24 months.
In a goodwill messages, the state Commissioner for Local Government and Chieftaincy Affairs, Mr Kayode Robert, who oversees marketmanagementt, thanked the governor for the gesture.
Also, the Iba LCDA Chairman, Mr Yisa Jubril, expressed gratitude to Sanwo-Olu for further bringing development to the grassroots.
The News Agency of Nigeria (NAN) reports that the new Alaba-Rago Transnational Market, when completed in 24 months, will comprise more than 5,000 shops, an event hall and banks, among other facilities.
The other facilities include a hotel, fire station, abbatior, place of worship, sewage treatment plant, police post, recreation centre and parking arena. (NAN)
