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    MarketForces Africa » Uncategorized » Lagos Island Community Benefits 75% Food Discount

    Lagos Island Community Benefits 75% Food Discount

    Julius AlagbeBy Julius AlagbeApril 1, 2024Updated:April 1, 2024 Uncategorized No Comments3 Mins Read
    Lagos Island community benefits 75% food discount
    Mrs Omolara Oyekan-Olumegbon.
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    Lagos Island Community Benefits 75% Food Discount

    Lagos Island community on Sunday expressed joy and satisfaction at the 75 per cent discounted food market hub organised by Lagos lawmaker, Mrs Omolara Oyekan-Olumegbon. The discount food hub, in collaboration with The Queen Mother Organisation (TQM), is tagged, “Senator Oluremi Tinubu Food Bank”.

    Residents crowded the Oluwole Car Park, Idumota, to purchase various food items at reduced prices. The Nigeria Police and Lagos State Neighbourhood Safety Agency personnel were on ground to secure the market.

    The food items for sale at the market included rice, beans, bread, eggs, chicken, palm oil, noodles, vegetables, yam and spaghetti, among others. TCN is Committed to Managing Grid Admist Challenges-Official

    The initiative, according to Oyekan-Olumegbon, a member of the State House of Assembly representing Lagos Island Constituency I, was taken to lessen the effects of the difficult economic situation in the nation. She added that the project was also part of her commitment to the welfare of constituents.

    “I made a promise during my campaign last year to create food and technology hubs in the community…This is the first food hub project and few people supported this initiative by paying 50 to 75 per cent subsidy on certain foodstuffs…For instance, chicken which is sold for N8,000 in the market is being sold for N2,500 here.

    “Also, a paint of rice which is sold for N7,500 is being sold for N2,000. A carton of Indomie noodles which cost N9,000 is sold for N4,500 at the food hub.

    “This is our little way of making the lives of people better….We hope to serve the community better next week because this is the first edition and we are learning,” she said. The food bank will also take place on April 7. She urged residents to be patient and help others in any way they can, inspite of the economic hardship.

    She expressed gratitude to Sun Trust Bank, the Speaker of Lagos State House of Assembly and the Senator representing the Lagos Central Senatorial District, for supporting the initiative.

    The lawmaker also pledged to continue exploring and implementing initiatives that bring relief and progress to each household in the community. One of the beneficiaries, Mr Kolawole Adetula, lauded the lawmaker for the discounted food items.

    He said that the initiative, along with the efforts of the state government would go a long way in reducing the economic hardship they were experiencing. Also, Mrs Sekinat Ibrahim said she got to the venue at 9.00 a.m. and was able to buy all food items sold, including bread, eggs, rice, beans and chicken.

    She, however, said the process was not orderly at some point, but the organisers were able to rectify the situation. She urged them to adopt an improved crowd control approach next week, to ensure the process is more orderly all through. However, Titilayo Adesope said she couldn’t buy enough food items because she arrived at the venue late.

    “I got to know about the programme from a neighbour in the community, and I decided that I had to be here. Today, being Easter Sunday, I was hoping to buy live chicken, but I was disappointed when I got there and saw it had been sold out. Although, I was able to buy eggs, rice, beans and other items.

    “This is a laudable initiative because 50 per cent to 75 per cent discount is a lot. I hope to come early next week, so I can buy more items,” she said. #Lagos Island Community Benefits 75% Food Discount

    Investors Nigeria
    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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