FX Guys

Lagos Assembly holds public hearing on bill to regulate market operations

Stakeholders have called for harmonisation of market operations as the Lagos House of Assembly, yesterday, held a public hearing on a law to establish Lagos State Market Authority, which aims to regulate and coordinate market activities in the state.

The bill, titled, “A Law to Establish The Lagos State Market Authority,” is meant to provide for the registration, formation, organisation and operation of market associations and connected purposes.

The bill, if passed into law, will strengthen Lagos business activities and address some anomalies, making it mandatory for all markets to be registered. The Ayangburen of Ikorodu, Oba Kabiru Adewale, who spoke during the public hearing, expressed concern about the diminishing roles of traditional rulers in governance at both the federal and state levels.

Oba Adewale said that he had questioned President Bola Tinubu about the erosion of the roles of traditional…
Read More