Some Muslim scholars under the umbrella of the League of Islamic Leaders in Mushin, Lagos, have launched an initiative called the Market of Convenience (MFC) to sell foodstuffs and essential commodities at reduced prices.
This innovative approach aims to alleviate the economic challenges facing residents of Lagos, especially within the Muslim community.
The establishment of the MFC was highlighted during a one-day sensitization programme held on Sunday in Lagos.
The event emphasized the importance of affordable food markets and encouraged Muslims to embrace this initiative. The Convener and Chairman of the MFC, Alhaji Musoddiq Sanni, underscored the market’s role as a practical solution to the escalating cost of living and a demonstration of the community’s commitment to easing economic hardships.
Sanni explained that the Muslim community introduced the MFC as a strategic response to Nigeria’s economic challenges.
“This market serves as an alternative where residents can shop for essential food items at affordable prices,” he said.
He expressed optimism that the MFC would significantly reduce the financial burden on Lagos residents, aligning with the Islamic principles of justice and fairness in commerce. “Allah has commanded us in the Qur’an to maintain justice and fairness during business transactions,” he added.
The chairman also advocated for the expansion of the initiative, urging Muslim leaders in Ikeja and other parts of Lagos to establish branches of the market.
By doing so, he noted, more communities could benefit from affordable food items, further strengthening efforts to combat economic hardship.
Sanni also emphasized the importance of cooperative societies in ensuring the sustainability of the market.
To ensure compliance with Islamic laws, the League of Islamic Leaders plans to develop a blueprint for the market’s operation in conformity with Sharia principles.
He revealed that the MFC has been registered with the Corporate Affairs Commission and the Lagos State Ministry of Agriculture, demonstrating the seriousness of the initiative.Alhaji Sulaimon Olanijo, Chairman of the League of Islamic Leaders in Mushin, called on other Muslim groups to support the MFC initiative.
He emphasized that such markets would not only reduce the economic difficulties faced by Muslims but also contribute to the Federal Government’s agenda on food security.
Similarly, the Chairman of the Council of Imams, Ikeja Division, Alhaji Abdul-Rahmon Abdul-Azeez, praised the initiative, stating that it was a timely intervention.
He acknowledged the rising cost of foodstuffs and expressed confidence that the MFC could significantly mitigate the financial struggles of Nigerians.
With cooperation from Muslim leaders and other stakeholders, the MFC could potentially be replicated across various communities, promoting economic fairness and reducing hardship nationwide.
