Infrastructure: Fidelity Bank Facilitates Traders’ Meeting With Sanwo-Olu

Governor Babajide Sanwo-Olu has pledged to improve the condition around market conditions in the Lagos West Senatorial District with the intention that doing so would lift the potentials of the businesses operating in the markets.

The governor made the pledge at a meeting with the market leaders that was coordinated by the Managing Director Fidelity Bank, Mr. Nnamdi Okonkwo. The meeting was also attended by the deputy governor of the state, Dr. Femi Hamzat.

Speaking to newsmen after the meeting, Governor Sanwo-Olu said the discussion was aimed at fostering collaboration with the traders and to carry them along in the plans of the Government.

The Governor said he was not satisfied with the conditions under which businesses were conducted in the markets, expressing disappointment over the state of roads and absence of relevant public facilities around the markets.

He said: “We have just finished an interactive meeting with the leaders of various markets around Alaba, ASPAMDA, Trade Fair areas in Lagos West Senatorial District and the discussion was coordinated by our friend in the banking sector, Fidelity Bank.

“We are just coming out of the meeting, where we all agreed that we all have roles to play to address infrastructure and other challenges around the markets. As a government, we are taking up the responsibility to design an all-inclusive model that will improve the economic wellbeing of people around the markets. Once we put infrastructure in place, not only would businesses flourish, employment will also be created.

The Governor said the meeting would not be the last in his engagement with the market leaders, pointing out that Chairmen of local councils in which the traders operate would be invited to subsequent discussions before the start of regeneration work across the markets within the senatorial district.

Fidelity Bank’s Managing Director, Mr. Nnamdi Okonkwo, hailed Sanwo-Olu for partnering with the market leaders to drive the regeneration programme, saying the Governor understood the importance of engagement in leadership.

According to him, “Fidelity Bank was one of the first banks to open in the area and we understand their challenges from the extensive engagements we do have with them. We bank most of them and when there are issues we come together to interact and find solutions. This is exactly the approach that Governor Sanwo-Olu is using today.

“The Governor has outlined a course of action and we also use our knowledge of their needs and working in collaboration with the government, to come up with a model that will work for all stakeholders. The traders are ready to take this collaboration to the end and make sure they have better market conditions so when they want to pay their taxes, they will pay them happily.”

President General of Alaba Amalgamated, Chief Fabian Ezeojika, said the discussion with the Governor and his Deputy was fruitful, promising to mobilise traders to respect the agreement made with the State Government.

Markets and dealers represented at the meeting included Alaba International Market; Auto Spare Parts and Machinery Dealers Association (ASPAMDA); BBA Trade Fair; Alaba Fancy and Furniture Dealers, and Electrical Dealers Association of Nigeria (EDAN), among others.

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