A Major Boost for Market Women, Farmers, and Artisans
Senator Tokunbo Abiru, representing the Lagos East Senatorial District, has launched a significant economic empowerment initiative by providing a collective start-up grant of $₦$480 million to 48 cooperative societies within his constituency.
The initiative is specifically designed to bolster grassroots economic activities across the 16 Local Government Areas (LGAs) and Local Council Development Areas (LCDAs) that make up the district.
Focus on Key Economic Sectors
The 48 cooperatives selected for this substantial grant were strategically drawn from three vital economic sectors that form the backbone of local economies:
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Market Women Associations
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Farmers’ Groups
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Artisans
This targeted approach ensures that the funds directly benefit groups poised to create immediate and measurable impact on local trade, food production, and vocational skills development.
Commitment to the ‘Greater Good’
Speaking at the unveiling ceremony on Monday, which saw the attendance of traditional rulers, political leaders, party members, and various community groups, Senator Abiru affirmed that the initiative is a consistent demonstration of his legislative and community agenda.
Abiru stated that the launch marked a continuation of his commitment to delivering the “greater good to a larger number” of his constituents across Lagos East. The cooperative structure is intended to ensure shared growth, sustainability, and accountability among the beneficiaries.
The $₦$480 million investment is expected to significantly enhance the operational capacity of these groups, leading to increased productivity, job creation, and overall economic vibrancy in the district.
