Lagos govt helps 12,000 youth-led SMEs with N8bn, says Gov Sanwo-Olu

Lagos govt helps 12,000 youth-led SMEs with N8bn, says Gov Sanwo-Olu 2

The Lagos State Government, by means of its Employment Trust Fund (LSETF), has to date disbursed over N8 billion to 12,000 companies, Gov. Mr Babajide Sanwo-Olu, introduced on Friday, at Nigeria’s 61st Independence Anniversary celebration on the Agege Stadium, Agege.

Sanwo-Olu stated that lots of the 12,000 companies assisted had been led by younger folks, with greater than 7,000 youths educated in entrepreneurship and enterprise improvement.

He stated that equally, the Lagos State Research and Innovation Council (LASRIC) had additionally made tens of millions of Naira out there in grants to help start-ups primarily based in  the state.

READ ALSO: Nigeria at 61: We don’t have any purpose to lose hope – Sanwo-Olu

According to him, the state authorities was scaling up the varied youth-targeted initiatives, and making a beneficial atmosphere for companies to thrive.

”We are financing small, medium and large-scale companies, supporting agriculture, investing in start-ups and technological innovation, constructing abilities and capability throughout varied sectors, and creating the correct atmosphere for personal enterprise to thrive.

”Lagos can be dwelling to the most important education-technology programme in Africa, the Eko Digital Initiative, which is able to impart coding abilities to 1 million Lagosians, with emphasis on major and secondary faculty college students.

”Furthermore, our city-wide fiber-optic rollout will quickly turn out to be operational, unleashing high-speed Internet for using the private and non-private sectors.

”I’m delighted to notice that we now have seen and are seeing encouraging outcomes from throughout all of the areas and sectors we’re working in.

”We is not going to relent in our ambition to create ever-increasing alternatives for financial development and prosperity, for all of the folks of Lagos state, together with the youth,” Sanwo-olu stated.

The governor referred to as on residents to proceed to assist his administration, because it strives to actualise the ”Greater Lagos of our Dream”, a twenty first century economic system through which all residents have equal alternative to understand their full potentials. 

Vanguard News Nigeria

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Lagos govt helps 12,000 youth-led SMEs with N8bn, says Gov Sanwo-Olu

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