Lagos State Launches Ambitious Drive for Auctioneering Excellence: Paving the Path to Standardization
In a bold move that aims to elevate the auctioneering sector to new heights, the Lagos State Government is making resounding strides to establish a framework of standards within the industry. Collaborating closely with key stakeholders, the government is advocating for robust regulations and an improved operational landscape, heralding a new era of growth for auction businesses.
A recent interactive session at the Alausa Secretariat saw representatives from the Chartered Institute of Auctioneers and the National Association of Auctioneers engage in discussions that emphasized the importance of standardizing auction practices. Mrs. Adetutu Ososanya, the unwavering Permanent Secretary of the Ministry of Commerce, Industry, and Cooperatives, emphasized the government’s dedication to safeguarding both practitioners and consumers through the introduction of the Auction Law.
Underpinning this initiative is a comprehensive effort to collaborate with government departments, agencies, and local government councils, a testament to the ministry’s commitment to nurturing a thriving auctioneering ecosystem.
Mrs. Ososanya’s enthusiasm for this endeavor was palpable, as she expressed her belief that the partnership between the government and auctioneering stakeholders will not only enhance the industry’s profitability but will also contribute significantly to the state’s economic prowess. Encouraging practitioners to actively support these efforts, she conveyed the vision of an auctioneering landscape that is both prosperous and sustainable.
As the Lagos State Government spearheads this movement toward standardization, it sets an inspiring example for other regions to follow suit. By taking proactive measures, the government is not only nurturing the growth of auction businesses but also fostering an environment of trust and professionalism for the benefit of all stakeholders.
