Would you like to receive notifications on latest updates of the following headlines?

Sanwo-Olu reaffirms commitment to empower MSMEs

POSTED ON April 15, 2025 •   Business      BY Abiodun Saheed Omodara
Governor Babajide Sanwo-Olu

Governor Babajide Sanwo-Olu’s administration has reiterated the state government’s commitment to support micro, small and medium enterprises (MSMEs) and create a conducive environment for businesses to thrive. 

The Special Adviser to Governor Sanwo-Olu on Tourism, Arts and Culture, Idris Aregbe, reaffirmed the commitment while speaking at the third day of the three-day Lagos Tourism NBC Trade Fair held in Lagos.

The trade fair, which started on Friday, April 11, ended Sunday, April 13, was held in partnership between the Lagos State Government through the Ministry of Tourism, Arts and Culture and the Naija Brand Chicks (NBC), to promote and empower small-scale enterprises, women and youths in business.

Aregbe said that the fairs attracted over 250 vendors and have continued to foster stronger connections between vendors and customers as well as attract more investors to Lagos including creating job opportunities for residents.

He said, 'Lagos provides the perfect landscape for business growth, and this fair is proof that dreams can be actualised with the right support. 'We are excited to create another groundbreaking event that empowers SMEs and transforms lives.

Thanks to the visionary Governor, Babajide Sanwo-Olu, for his intentional commitment to the growth and development of small businesses.

Sanwo-Olu urges workers to embrace innovation, excellence ‘'It is also not all about selling and buying but also using entertainment to drive visibility, which you are all seeing here today.

Lagos has a large market and will continue to drive its GDP growth for the benefit of all residents.' Sanwo-Olu stated

Speaking on the huge investment potential of the Lagos Tourism NBC Trade Fair, the Permanent Secretary of the Ministry of Tourism, Arts and Culture, Olanrewaju Bajulaiye, said the trade fair was a combination of commerce and entertainment to boost visibility for participating brands.

He said: 'What we are doing is to showcase the small business owners to the world, and this is to boost their sales and overall improve the economy of Lagos and Nigeria as a whole.

'We have many vendors who came in from other states into Lagos for the Lagos Tourism NBC Trade Fair, and they are so happy, as some of them said they made sales of one month in a day; that alone attests to the success story of the exhibition, and it will keep getting bigger and stronger.'

The CEO of the Naija Brand Chick (NBC), Nelly Agbogu, said she was thrilled by this year’s edition and the attendance, revealing that over 30000 shoppers showed up on the first day. 4

She commended Lagos State Governor, Babajide Sanwo-Olu and the Ministry of Tourism and Culture for their support in making the fair a huge success, revealing no state in Nigeria has supported her and MSMEs like Lagos under Sanwo-Olu.

READ ALSO
JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

READ ALSO
Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

READ ALSO
CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

READ ALSO
FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...

READ ALSO
CBN Holds Interest Rate Steady at 27.50% Amid Inflation Concerns and Economic Recovery Efforts
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has once again held its benchmark inte...

READ ALSO
CBN Stresses Commitment to Protecting Financial Interests of Nigerians
BY Abiodun Saheed Omodara May 20, 2025 0

The Central Bank of Nigeria (CBN) has assured the public, depositors, and stakeholders that the Nige...

READ ALSO
Australia's Central Bank Cuts Interest Rate to 3.85% Amid Global Tariff Uncertainty
BY Abiodun Saheed Omodara May 20, 2025 0

On Tuesday, Australia’s central bank reduced its main interest rate to its lowest level in two...

READ ALSO
Fuel Prices: Dangote Refinery Credits Naira-for-Crude Initiative for Economic Relief
BY Abiodun Saheed Omodara May 20, 2025 0

The Dangote Petroleum Refinery has announced that the naira-for-crude arrangement enabled it to lowe...

OUR CHANNELS:

NNPCL Empowers 531 NYSC Members with Financial Support and Starter Packs
BY Abiodun Saheed Omodara May 24, 2025 0

The Nigeria National Petroleum Company Limited has provided financial assistance of N531,000 each to...


University of Lagos Addresses NELFund Loan Reimbursement Concerns
BY Abiodun Saheed Omodara May 23, 2025 0

The University of Lagos has refuted online claims regarding the delay in the reimbursement of NELFun...


Nigerian Man Sentenced to 27 Months for $1 Million Insurance Fraud
BY Abiodun Saheed Omodara May 24, 2025 0

A 37-year-old Nigerian named Henry Ezeonyido has been sentenced to 27 months in prison by a United S...


INEC Launches AI Division to Enhance Electoral Processes, Address Challenges
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Independent National Electoral Commission (INEC) has sanctioned the establishme...


APC Governors Unite to Endorse President Tinubu as 2027 Consensus Candidate
BY Abiodun Saheed Omodara May 23, 2025 0

Governors affiliated with the ruling All Progressives Congress have unanimously backed President Bol...


JUST IN: Tinubu Inaugurates New NNPC Board, Welcomes Fresh Leadership
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - President Bola Tinubu has officially inaugurated the board and management of the Ni...


JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 24, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...


LASG Allocates N1.6Bn to Support Vulnerable Residents in 2025
BY Abiodun Saheed Omodara May 24, 2025 0

LAGOS, Nigeria - Dedicated to alleviating the challenges faced by underprivileged residents of Lagos...


Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 24, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...


FG advocate for BASA agreement between Nigeria, Italy
BY Abiodun Saheed Omodara May 24, 2025 0

The federal government (FG) has emphasised the importance of reviving the Bilateral Air Services Agr...


More Articles

Load more...

Menu