Home BUSINESS GOV SANWO-OLU PROMISES CONTINUOUS SUPPORT FOR MICRO, SMALL, AND MEDIUM ENTERPRISES IN LAGOS

GOV SANWO-OLU PROMISES CONTINUOUS SUPPORT FOR MICRO, SMALL, AND MEDIUM ENTERPRISES IN LAGOS

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Lagos State Governor, Babajide Sanwo-Olu promised continuous support for Micro, Small and Medium Enterprises (MSMEs) in the state to boost the economic strength of Nigeria’s business hub.

The governor made this pledge in his address at the opening of the 4th Lagos State Micro, Small and Medium Enterprises fair on Thursday, 13th December 2019; at the Agege Stadium.

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Hotjist.com was at the 4th edition of the event at the Agege Stadium.

Hotjist.com gathered that, the Fair tagged, “MSME Growth: A Panacea for making Lagos a 21st Century Economy”  made a great impact on the Entrepreneurs and all participants.

 Sanwo-Olu, represented by the Secretary to the State Government, Mrs Folasade Jaji, said the potential of MSMEs was too attractive, numerous and enormous to be ignored by any government of the 21st century.

“It gives me a deep sense of satisfaction that we have committed to ensuring that the micro, small and medium enterprises sector of our state’s economy grows and flourishes beyond limits. In recognition of the importance of this sector in achieving our economic goals, this administration is focused on making Lagos a 21st century hyper-city through supporting local businesses.”

“Under the able leadership of Gov. Sanwo-Olu, the Ministry of Commerce, Industry and Cooperatives would continue to sustain all programmes aimed at enhancing the status of MSMEs,” she said.

The Chairman, Lagos State House of Assembly Committee on Commerce, Industry and Cooperatives, Sanni Okanlawon, encouraged Nigerians to patronize Made-in-Lagos and Nigeria products.

“MSMEs in Nigeria are paid little or no attention in spite of their potential as the bedrock of social-economic development. The bane of most MSMEs is the inability to finance their operations but in recent developments, we have seen MSMEs accounting for economic growth and development.”

An interview with a cross-section of the participating entrepreneurs reveals the fair has been a great beneficiary programme.

Hefrworld salesperson, Ganiyat Salisu said, “Hefrworld deals in classy shoes, basically for people with too small or too large shoe sizes, so that they are not left out in the world of footwear. However, we have incorporated all sizes due to increased demands as a result of class. We welcomed the news of this trade fair with smiles on our faces, understanding the implication of such a positive step towards developing the economy of our nation.”

On her assessment of the event, she said, “the trade fair has been wonderful, not so much what we expected so far- because of the low turnup. Nonetheless, the programme is still ongoing so no need to get our hopes down”.


“They (the organisers) did not charge us anything. We only went to their office in Alausa to register and they made us pay 1000 naira for the exhibitor tag we are wearing. Other than that, there were no monetary engagements. We did not have to buy our spaces.”

CEO of Funfil Fabric, Adetuba Funmi said, “First and foremost, we are grateful to Lagos state government for this opportunity to showcase our work, our locally made products to the world, so the world can see the stuff we are made of.

“However, the turnout for the programme is not exactly as we anticipated. It could have been better, I believe if they have used different social media platforms to push the programme in different vernacular languages; if they had used jingles, banners, posters, just to create awareness.”

“Well I wont say they restricted us in that regard, however, they really encouraged us to come with our locally made products to support MADE IN LAGOS products. Like this Asoke, I made it all by myself.”

Also, speaking to an observer identified as David said, many stalls that were assigned to people yesterday were empty this morning, probably because they weren’t able to meet up with their target. Even those present today,quite a number of them are sleeping. The sellers are still hoping.

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