Lagos committed to providing conducive business environment – Sanwo-Olu

The Lagos State Governor, Babajide Sanwo-Olu, says his administration is committed to ensuring a conducive business environment for Micro, Small and Medium Enterprises in the state.

The governor stated this at the closing ceremony of the 2020 edition of the Lagos International Trade Fair.

Sanwo-Olu, represented by his deputy, Dr Obafemi Hamzat, said the support was to enable the MSME sector to maintain key positions of generating wealth and employment opportunities for the nation.

“We will continue to support the sector to thrive, especially in the area of maximising the huge opportunities in the value chains of the various sectors of the economy.

“Our administration will continue to partner with the Lagos Chamber of Commerce and Industry and the organised private sector through promotion of fiscal and investment initiatives to ease the burden of doing business in Lagos,” he said.

On businesses affected by the #EndSARS protests, the governor assured that  the state would provide measures to facilitate the recovery process.

“We share the pains of the victims and promise to do all we can, through some of the measures we have initiated including the trust fund that was inaugurated a couple of weeks ago.

“The Lagos State Employment Trust Fund is already reaching out to stakeholders and concerned business owners and operators of vandalised or looted property to get back on their feet through application of the Lagos Recovery Fund for Looted Businesses.

“More than 2,500 business owners and operators have applied to the fund at present,” the governor added.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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