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Osinbajo Opens Lagos MSME Business Clinic Tomorrow

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Lagos State Government Commissioner for Commerce, Industry and Cooperatives, Mrs.OlayinkaOladunjoye has disclosed that Vice President Yemi Osinbajo, will on tomorrow,  inaugurate the Micro, Small and Medium Enterprises (MSME) Clinic in the state.

Speaking at a press conference in Lagos, the 2-day event which is billed to hold at Teslim Balogun Stadium, Surulere on Monday and Tuesday is an initiative of the Office of the Vice President in partnership with the Federal Ministry of Industry, Trade and Investment as well as 11 other federal agencies.

The Commissioner said adequate preparations had been put in place to ensure the success of the programme, saying the event would further complement the efforts of the state government aimed at developing Micro, Small and Medium Enterprises (MSMEs) in the state.

She assured that the administration of Mr. Akinwunmi Ambode will continue to implement policies that would favour the growth of the sector

“As it is evident to all, the present administration in Lagos State is leaving no stone unturned to ensure even development of all sectors and the Micro, Small and Medium Enterprises Clinic will never be an exemption,’’ Oladunjoye stated.

She expressed confidence that the programme would go a long way in raising a new set of entrepreneurs while the existing ones would be guided on the best steps to take to add value to their efforts.

The Commissioner added that the State Government is also providing windows of opportunity for owners of Micro, Small and Medium Enterprises to enhance their capacity building to access appropriate financial facility.

Oladunjoye said the administration of Governor Ambode established the Employment Trust Fund, LSETF initiative through which a total of N25billion was earmarked to be disbursed within four years to empower business owners with capital to revive moribund ventures, boost trade and as well help to start new ventures.

“You will recall that the Vice President, Professor Yemi Osinbajo once commended the State Government for establishing the Employment Trust Fund (LSETF) through which loans are granted to small scale businesses and people with business ideas.” The Commissioner stated.

She stated that Osinbajo specifically lauded the initiative for creating over 12,500 new jobs within the first six months of the scheme.



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