Tue Sep 10 16:51:35 UTC 2024: ## Lagos Assembly Approves Market Authority Bill, Aiming to Regulate and Improve Market Operations
**LAGOS, NIGERIA** – The Lagos State House of Assembly has passed the second reading of the Market Authority Bill, paving the way for the establishment of a regulatory framework for market operations in the state. The bill aims to address existing anomalies in the current laws and establish a structured system for market registration, organization, and management.
Key features of the bill include mandatory registration for all markets, a comprehensive board structure, and the inclusion of the Iyaloja-General in the Market Advisory Council. The bill also mandates House ratification for board appointments and aims to curb the unauthorized allocation of market titles.
The debate on the bill highlighted the need for improved market cleanliness, effective management, and addressing gridlock issues caused by market activities. Several lawmakers expressed support for the bill, recognizing its potential to improve market operations and benefit Lagosians.
The bill will now be reviewed by the House Committee on Local Government, who will report back to the Assembly within two weeks. If passed, the bill will significantly impact the way markets operate in Lagos State, bringing greater order, transparency, and efficiency to the sector.
First Piper 