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The governor announced the donation when he led a delegation on an on-the-spot assessment of the site.
Sanwo-Olu said the measure was part of efforts to assuage the plight of the victims who lost goods, properties and cash, worth millions in the fire.
The governor, who met with the victims of the fire incident, conveyed his sympathy and pledged support for the traders in assuaging their loss.
Some unknown persons were said to have allegedly shot sporadically towards the market, killing one person and setting the market on fire.
While condoling with the deceased’s family, the governor promised assistance toward the burial of the deceased.
He said: “A week or less ago we promised to come back here to give immediate support to the people who were affected by the unfortunate incident.
“This is not politics; it’s just a coincidence that it is a political season. I’m happy to be here to lay the foundation for the new market building.
“Now it’s a storey building and the small compensation that will alleviate the suffering and loss of our traders here. It’s for us to make a clear stand that we are not about the ethnic or religious division; we are a government that is people-centered and working to make things better for them, no matter what party or where they come from.
“As long as they are law-abiding, keep to laws guiding the environment and respect the heritage of where they do business, they will always be accommodated.”
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