Lagos State Governor Babajide Sanwo-Olu on Tuesday declared open the 7th edition of the Micro, Small, and Medium Enterprises (MSMEs) exclusive fair in Lagos.<\/p>\n\n\n\n
The six-day fair holding at the LTV Blue Roof, Agidingbi, Ikeja, with the theme: \u201dSustainability of MSMEs on AFCFTA Opportunities for Global and Digitalised Economy\u201d, has no fewer than 300 MSMEs operators in attendance.<\/p>\n\n\n\n
Sanwo-Olu, represented by the Secretary to the State Government, Mrs Folasade Jaji, advised the participants to take advantage of the theme of the fair for empowerment.<\/p>\n\n\n\n
\u201cMy administration is focused on the full and beneficial implementation of our T.H.E.M.E.S Agenda.<\/p>\n\n\n\n
\u201dThis is with special emphasis on infrastructural development, power, mass transportation, wastes management, good roads and others, which will improve competitive advantage of MSMEs,\u201d he said.<\/p>\n\n\n\n
The Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, said that the fair would facilitate vibrant business clinic poised to kick start a new phase in efficient service and product delivery by the MSMEs operators.<\/p>\n\n\n\n
According to her, MSMEs operators are the backbone of the state\u2019s economic growth and development.<\/p>\n\n\n\n
\u201cAs we commence the 7th edition of Lagos State Micro, Small and Medium Enterprises MSMEs Exclusive Fair, it will also host a vibrant clinic.<\/p>\n\n\n\n
\u201cThis six-day exclusive fair, among other laudable economic initiatives of the Sanwo-Olu administration, promises to deliver great economic benefits for MSMEs operators.<\/p>\n\n\n\n
\u201cThe government has invested in the MSMEs sector with a view to harnessing the full benefits of growth in the sector,\u201d she said.<\/p>\n\n\n\n
According to Akande, 50 per cent of the non-oil GDP of the country is generated in Lagos State, while 70 per cent of the MSMEs in Nigeria are domiciled and operate in the state.<\/p>\n\n\n\n
\u201cAs part of the efforts of the state government of promoting access to market for the sector, last year, over 280 MSME operators were sponsored to the 6th edition of the exclusive fair at no charge.<\/p>\n\n\n\n
\u201cAlso, 130 MSMEs operators also got free sponsorship to showcase their products at the state pavilion during the year 2021 Lagos International Trade Fair.<\/p>\n\n\n\n
\u201cAlso, winners of the lottery at the 6th edition of the exclusive fair were awarded N1million for the first position, N750,000 for second position and N500,000 for third position.<\/p>\n\n\n\n
\u201cIt is therefore necessary that I implore all MSMEs operators to take full advantage of the 7th edition to expand their network,\u201d she said.<\/p>\n\n\n\n
The Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Mrs Adetutu Ososanya, said that the staging of the exclusive trade fair was a testimony of the state\u2019s commitment to MSMEs growth.<\/p>\n\n\n\n
\u201cThe annual staging of this exclusive fair is an eloquent testimony of our commitment to the growth of the MSME sector.<\/p>\n\n\n\n
\u201cOur appreciation to all the stakeholders who have continued to partner with us over the years in delivering this robust platform to showcase the best Made-in-Lagos products to the world,\u201d she said.<\/p>\n\n\n
Lagos State Governor Babajide Sanwo-Olu on Tuesday declared open the 7th edition of the Micro, Small, and Medium Enterprises (MSMEs) exclusive fair in Lagos. The six-day fair holding at the LTV Blue Roof, Agidingbi, Ikeja, with the theme: \u201dSustainability of MSMEs on AFCFTA Opportunities for Global and Digitalised Economy\u201d, has no fewer than 300 MSMEs […]<\/p>\n","protected":false},"author":2,"featured_media":31260,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[427],"class_list":["post-43378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","tag-msmes","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n