Lagos Lawmakers Support Market Authority Bill to Boost Business Activities

Lagos Lawmakers Push for Market Authority Bill to Strengthen Business Operations

Lagos State House of Assembly lawmakers are in full support of the Market Authority Bill, aimed at enhancing business operations in the state. This bill passed its second reading on Tuesday and was sent to the House Committee on Local Government for further review. A report is expected within two weeks.

Key Provisions of the Market Authority Bill

The bill seeks to regulate the registration, formation, and management of markets in Lagos. It ensures that all markets are registered and operate within a structured framework.

Sanni Okanlawon, Chairman of the House Committee on Local Government, explained that the bill will fix gaps in the current law and improve market oversight.

Inclusive Board Structure

Rauf Age-Suleiman noted that the bill’s board structure includes diverse voices. However, Deputy Majority Leader, Adedamola Richard Kasunmu, cautioned against giving the Iyaloja-General dual roles in both the Market Board and the Advisory Council, as it could cause conflicts.

House Oversight and Appointments

Sa’ad Olumoh emphasized that the House should approve appointments to the market board, which will help maintain accountability. This process will also prevent traders from assigning titles to themselves.

Improving Market Conditions

Aro Moshood stressed that the bill would ensure market cleanliness and help resolve gridlock issues caused by market activities. Nureni Akinsanya added that only honest people should hold leadership roles.