Sanwo-Olu Seeks Investors’ Support For MSMEs

Lagos State Governor Babajide Sanwo-Olu has called for the support of local and international investors for Micro, Small Medium Enterprises (MSMEs) and scale up those products and services in order to break into AfCFTA and the global market.

He said with the collaboration, there will be a reasonable return on investment for small businesses in Lagos and Nigeria

At the closing ceremony of the 8th Lagos MSMEs Exclusive Trade Fair held at the weekend in Lagos with the theme: ‘Empowering MSMEs for AfCTA Excellent Through Sustainable Economic Growth”, Governor Sanwo-Olu said the fair was a marketing platform to promote the products and services of entrepreneurs in the state at no cost.

The governor who was represented by the commissioner for commerce, cooperatives, trade and investment, Mrs Folashade Ambrose-Medebem, said the trade fair was a period of networking among the MSMEs and visitors, along with fruitful deliberation during the Business Clinics; facilitated by critical stakeholders

He acknowledged the contributions of the sector as a catalyst of a viable economy, stressing that the state will continue to promote various range of products and services that are made in Lagos through the sector.

”MSMEs remain a major factor in creating employment and wealth, generating income, improving standard of living and enabling investment opportunities for profit. Your developmental role is not only significant but highly commendable. This is why I must draw the attention of investors to take advantage of the opportunities in this sector in order to grow the economy of the state.”

“I must emphasise that we have obtained a lot of feedback from this Fair. These will help the State Government greatly in planning for future events and improving on our service delivery towards making Lagos A 21st Century Economy.”

“The theme of this 8th edition of Lagos MSMEs Exclusive Trade Fair: “Empowering MSMEs For AfCFTA Excellence Through Sustainable Economic Growth,” is appropriate and well-timed. It speaks to the T.H.E.M.E.S Plus Development Agenda of Mr. Governor, including the steps being taken to position women and youths to explore the benefits of AfCFTA and the global market in general.”