Governor Babajide Sanwo-Olu of Lagos State outlined the state’s ambitious financial needs, aiming for a staggering ₦7 trillion budget to address infrastructural gaps and essential amenities in the forthcoming fiscal year 2024. During the eighth Lagos Corporate Assembly, themed “BOS Meets with Business Community,” held at Lagos House, Ikeja, Governor Sanwo-Olu underscored the pressing need Read More…
Tag: MSMEs
LCCI empowers graduating entrepreneurs to drive sustainable development in Nigeria
At the 10th edition of the LCCI Entrepreneurship Mentoring Programme (EMP) graduation ceremony, the Lagos Chamber of Commerce and Industry (LCCI) inspired 117 graduating entrepreneurs to leverage their technical expertise and resilience for community building and sustainable development in Nigeria. Dr. Michael Olawale-Cole, President of LCCI, emphasised this charge, stating, “Your technical knowledge and resilience Read More…
Sanwo-Olu advocates tech-driven solutions for local challenges
Governor Babajide Sanwo-Olu has reaffirmed Lagos State’s dedication to harnessing technology for sustainable solutions to indigenous challenges. Speaking at the Endeavor Nigeria’s Annual Scale Up Entrepreneurship Summit in Victoria Island, the governor emphasized technology’s role in ensuring food security, efficient transportation, quality healthcare, and education. Sanwo-Olu highlighted the government’s initiatives, emphasizing the importance of infrastructure Read More…
Lagos State Empowers Retirees: New Crafts, Fresh Beginnings
Retirees Mrs. Majekodunmi Bolanle, aged 66, and Mrs. Kuburat Animashaun, aged 64, have embraced new pursuits to engage their hands and rejuvenate their minds. Both grandmothers willingly enrolled at the Lagos State Skills Acquisition Centre in Agidingbi to enhance their skill sets, diving into computer operations and software, a new vocation they eagerly pursued. These Read More…
Lagos charges MSMEs Council to create more capacity-building programmes
Lagos State Government has charged the State Council on Micro, Small and Medium Enterprises (MSMEs) to create and drive programmes that would enhance the capacities of MSMEs to deliver on their mandate. Addressing members of the MSMEs in Ikeja at Quarterly Council Meeting on Wednesday, the Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande, Read More…
LCCI pegs COVID-19 loss by MSMEs in Lagos at N2.7bn
The Lagos Chamber of Commerce and Industry (LCCI) says losses of Micro, Small and Medium Enterprises (MSMEs) in Lagos is about N2.7 billion, due to the recent Coronavirus (COVID-19) lockdown. LCCI’s Director-General, Dr Muda Yusuf, made this known on Sunday through the LCCI’s Economic and Business Review for 2020 and Outlook for 2021. Yusuf further attributed Read More…
CAMA 2020 expected to reduce regulatory burden on MSMEs – CAC Registrar
Alhaji Garba Abubakar, the Registrar-General, Corporate Affairs Commission (CAC), says the Companies and Allied Matters Act, 2020 (CAMA 2020) will reduce the burden of starting and running small businesses in Nigeria. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. He said that the provisions of Read More…
CBN unveils non-interest guidelines for AGSMEIS, MSMEDF, others
The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). The CBN made this known in its latest guidelines released on its website on Tuesday. It said the 10 guidelines also included the Read More…