Lagos State Governor, Mr. Babajide Sanwo-Olu, has inaugurated the Lagos State Market Advisory Council (LASMAC), reaffirming his administration’s commitment to improving market operations, promoting fair trade, strengthening security, and driving business growth across the state.

The 21-member Council, chaired by the Iyaloja-General of Lagos, Chief (Mrs.) Folashade Tinubu-Ojo, was sworn-in on Monday in Lagos, where Governor Sanwo-Olu urged market leaders and traders to uphold integrity and eschew dishonest practices.

Highlighting the central role of markets in the state’s economic and social life, the Governor emphasized that the development and proper management of markets were critical to the prosperity of millions of Lagosians.

“Our markets are at the heart of life in Lagos. They support the livelihoods of millions of Lagosians and play a key role in keeping our economy strong. That’s why we’re making their development, security, and sustainability a top priority,” he said.

He expressed confidence in the newly inaugurated Council, noting that with the leadership of Chief Tinubu-Ojo and the commitment of its members, LASMAC is well positioned to deliver meaningful progress.

“I urge them to be proactive, open, and fair in their work, and to always keep the interests of traders and consumers at the centre of their decisions,” Sanwo-Olu added. “We want our markets to be safe, clean, and well-run—places where businesses can thrive and customers can shop with confidence. We are supporting that goal with better infrastructure, smarter policies, and training that helps traders build stronger businesses.”

Also speaking at the event, the Commissioner for Local Government, Chieftaincy and Rural Development, Mr. Bolaji Robert, said LASMAC would play a key role in coordinating market affairs and advancing the state’s economic objectives.

In her response, Chief Folashade Tinubu-Ojo assured that the Council would serve as a vital link between government and traders, ensuring that policies are effectively implemented and the voices of market stakeholders are heard.