Oxygen X brings credit closer to traders in CMS, Obalende markets - ITREALMS

Oxygen X Finance Company has taken its “Right Where You Are” campaign directly to the CMS and Obalende markets in Lagos, actively engaging small business owners, market traders, and everyday Nigerians right where they work and trade, reports ITREALMS.

The market activation gave the Oxygen X team an opportunity to converse face-to-face with merchants regarding the practical financial realities of running an enterprise, such as managing cash flow, restocking inventory, and pursuing fresh business opportunities. The campaign is anchored on the core philosophy that credit should be easily accessible to the people who need it most.

Makinde empathises with traders over Aleshinloye market fire incident - ITREALMS

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The Oyo State governor, ‘Seyi Makinde, has commiserated with traders, who lost properties to a fire outbreak, which destroyed shops and goods at the popular Aleshinloye Market in Ibadan, in the early hours of Wednesday.

The governor, who was represented by the Deputy Governor, Barr. Abdulraheem Bayo Lawal, expressed the government’s sympathy to the victims of the fire outbreak during an on-the-spot assessment of the incident.

Makinde offers free shops to 700 traders, Soludo applauds - ITREALMS

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The Oyo State governor, ‘Seyi Makinde, has declared that 700 street traders displaced by the Agodi Gate Junction Improvement Works will be given free stalls in the new market built in the area as part of the project.

The governor stated this on Friday at the commissioning of the Idi Ape, Civic Centre, Agodi Gate Junction Improvement Projects, noting that the projects will reduce the number of man-hours spent by residents commuting roads in the city.

‘Lagos State should compensate Ladipo traders over fire incident’ - ITREALMS

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The Lagos State government has been called out to compensate traders at the Ladipo Auto Parts Market in Mushin Local Government Area of the state over the fire incident of Friday, 25 February, 2022, reports ITREALMS.

Gov. Babajide Sanwo-Olu of Lagos State

This call was made by a public analyst, Ozo (Engr) Patric Uwaezuoke Mba at the weekend, saying that as the bonafide Nigerians who pay their taxes and levies to the government especially of Lagos State, that they deserve some compensation including fire-fighting vehicles or facilities.

Justice for murdered Igbo traders - ITREALMS

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"... They were spontaneously and intermittently shouting, “now that you want to go as Biafrans we will kill you before you go.”

Last week, precisely on the 13th of July 2021, some Nigerian soldiers in a shameless display of putrid military barbarism, swooped on the defenceless Igbo spare parts dealers at the popular Ladipo Market, Mushin Lagos and pointedly shot five Igbo traders there dead on the spot on the unfancied allegation that they (soldiers) bought a fake car engine from one of the traders at the market a year ago and had come to the market to have it replaced. 

While the soldiers were mowing down the traders they were spontaneously and intermittently shouting, “now that you want to go as Biafrans we will kill you before you go”.

Balogun Fire: Senator Oluremi sympathises with traders, advocates insurance scheme - ITREALMS

ITREALMS: 

Senator Oluremi Tinubu has sympathized with traders of Balogun Market and Dosunmu area of Lagos Island, over the recent fire incidents, advocating for traders insurance scheme, reports ITREALMS.

Tinubu, the senator representing Lagos Central Senatorial District at the Nigerian National Assembly, in a press statement made available to ITREALMS, sympathised with Lagosians, especially people of Lagos Island.

“My heart goes out to the residents and entire people of Lagos Island, particularly business owners, and those who lost their wares and belongings in the fire incidents, which occurred at Balogun Market and Dosunmu area of Lagos Island, yesterday, 5th November, 2019.”

According to her, the loss of goods, bought with hard earned money, and years of ones work is devastating to say the least.

“I share in your sadness and pray that there will never be a recurrence of this nature,” she said.

Equally, she said, it is a good time to consider the issues of affordable and accessible insurance for goods in the markets.

“I am hopeful that insurance companies will swing to action to provide services to ameliorate the suffering of Nigerians in the event of disasters,” she said.

Tinubu promised to looking into avenues to intervene to ensure a change of the status quo and improved welfare for her Constituents and Nigerians as whole.

She commended the officers of the Lagos State Emergency Management Agency (LASEMA) and the Lagos State Fire Service who were first responders, putting their lives at risk, in service of the centre of excellence.

Chuks Egbuna/Editor

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Pix: Senator Oluremi Tinubu

Rotary Club empowers traders, artisans with loans, tools - ITREALMS

ITREALMS:

In furtherance of its empowerment programme, the Rotary Club of Ikeja, on Monday brought smiles to trading clusters and artisans in Isolo, Agidingbi, Ikorodu and the Nigerian Air Force Officers Wives Association (NAFOWA) with interest-free loans and trade tools worth millions of naira, reports ITREALMS.

The donations included a quarterly N500,000 interest-free loan to the Isolo Market Men/Women Association, which is spread at N25,000 to each of 20 beneficiaries.

The others were such vocational tools as sewing machines, hair driers and washing stands, grinding machines and oven for the artisans from Agidingbi Village, Laara Village in Ikorodu and NAFOWA respectively.

Presenting the items at a programme to mark his first official visit to Ikeja Rotary Club, the Governor, Rotary International District 9110, Kola Shodipo, explained that the micro credit scheme is a poverty alleviation package to help the beneficiaries meet their trading needs and expand their businesses.

According to Shodipo, “one good thing about the loan scheme is that it is interest-free and is returned every three months, after which it goes to another batch of 20 persons to complete the target of 80 persons each year.

“This has been run for 10 years on behalf of the Rotary Club of Ikeja, others have theirs.We have a management team that helps monitor these beneficiaries and it includes the executives and past leaders of the associations.

“They identify their members and help to ensure that they remain focused, while our team pays periodic visits to monitor and counsel them on how to keep their businesses profitable and able to return the loan on schedule.

“We also help in the area of health and education by partnering government in rehabilitating and equipping schools with laboratories and other teaching aids.”

Also speaking, former District Governor, Prince Julius Adelusi-Adeluyi, noted that wherever there are rotarians, they look around to see how they could assist the community, and“those in Nigeria will continue to ensure that those in their communities feel better, feed better and have better health.

“We don’t just do things for the beneficiaries, we monitor and ask them what they want,what we can do together; they tell us and we help to satisfy their needs. We have been doing this year in year out and are encouraged by the sustainability of the programme.”

He urged people of goodwill in different callings to “look at the usefulness of rotary as a means of doing good in this kind of environment. The more the number of persons they can assist, the better forthey themselves. We also raise funds from non-members, and it is quite significant.”

Similarly, President of the Rotary Club of Ikeja, Niyi Adelaja, described the loan scheme as the club’s signature programme through which 20 beneficiaries per quarter and 80 persons per year get assistance, stating that the club has adopted the Isolo community for the scheme.

On behalf of her group,leader of the Isolo trading community, Wosilat Yusuf, commended the organisation for sustaining the programme for over a decade, during which many of them have had life-changing business experiences.

Likewise, leader of Agidingbi artisans, who were given five sewing machines and five hair driers, commended the rotary’s consistency with the programme, stating that some of former beneficiaries have acquired two or more tools from proceeds from the tool they got from the club some years ago.

Ayo Midele/GEE

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Lagos to relocate traders at Festac gates

ITRealms:

The Lagos State Commissioner for Local Government and Community Affairs, Hon. Musiliu Folami has disclosed that the State Government will soon relocate all the traders from Festac Gates One, Two and Three to a more conducive environment within Festac Town, reports ITRealms.

The Commissioner revealed this at the weekend at a meeting with market men and women from Amuwo Odofin Local Government Area, saying the gates are not designated as market places, just as, they are also being used as a base by criminals and evil minded individuals to perpetuate their heinous crimes on residents in the area.

He assured that Gov. Ambode’s administration would do everything in its power to protect and secure the lives and properties of all residents as well as ensure that every part of the State is safe and secured to live.

The Commissioner also said that, apart from the market location being on an international route to the neighbouring countries, the presence of the market contributes to the gridlock on the highway which hoodlums capitalise on to rob law abiding citizens during traffic congestion. 

The Executive Secretary, Amuwo Odofin Local Government, Deaconess Dupe Ajibola-Ojodu in her address said she is happy that the State Government has good plans for all the traders in the area, adding that, the planned relocation of the market by the present administration to a better and conducive environment will be of enormous benefit to the traders in the long run.

Responding on behalf of other traders, the Babaloja General, Amuwo Odofin Local Government Area, Alhaji Bolaji GbolahanYussuf commended the government for the initiative, saying that, they are ready to support the Government in developing the State.

Yussuf also noted that considering the high number of the traders and buyers who have been doing their businesses in the market, they would prefer being relocated to a closer place that will be conducive and safe for their businesses.

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Lagos warns on Central Business District, starts enforcement

ITRealms:

The Lagos State Government has commenced the enforcement of rules and regulations guiding Central Business District (CBD) as part of measures to curb illegal activities of traders and motorists that impede free flow of human and vehicular movement, ITRealms reports.

Special Adviser to the Governor on CBD, Mr. Agboola Dabiri gave this indication when he led enforcement team to Lagos Island CBD, stressing that, the government would no longer condone street trading, display of goods on the roads, walkways and illegal parking, as well as driving against the traffic.

“The State Government will no longer tolerate any act of impunity by traders and motorists. You have been warned over time to desist from all illegal activities that impede traffic,” he said, adding that, anyone caught will be made to face the full wrath of the law so as to serve as deterrent to others.

Dabiri declared that the inspection would continue ``until we all abide by all CBD rules and regulations which centered mainly on orderliness, conformity and free flow of traffic in line with international standard for CBD in developed countries”.

ITRealms gathered that over 15 vehicles were impounded in the exercise which commenced from Onikan through Broad Street, Apongbon, Elegbeta, Ebute Ero and Idumagbo. Other areas involved are Eyin Eyo, CMS, Eja Lonibu and Tinubu.

A score of recalcitrant traders were also arrested and goods seized in an exercise that caught traders, motorists and other stakeholders unaware.

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