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Lagos govt restates support for SMEs

The Lagos State government says that it will continue to come up with policies and programmes that will encourage Small and Medium Scale Enterprises, SME, in the state.

This is to ensure that more people are job creators and employers of labour in the society.

The Deputy Governor of Lagos State, Dr Obafemi Hamzat said this while addressing a group of entrepreneurs at a conference in Lagos.

He said that the nation needed business enterprises that would contribute meaningfully to the growth of the economy if it must meet the needs of the people particularly, in the area of providing adequate infrastructure.

Dr Hamzat stressed that this fact explained why the Lagos State government had been supporting Small and Medium Enterprises, SME, in the country through the Lagos State Employment Trust Fund.

He said that the government could only do more in its support for SMEs in the state if owners of such enterprise registered their businesses.

According to him, it is estimated that about Two Point Three million SMEs are operating in Lagos state.

But the Deputy Governor said that it was unfortunate that most of the SMEs were not registered,.

He explained that the situation had not helped the government in assisting SMEs optimally because there was no adequate data on SMEs in the state.

The Deputy Governor urged operators of Small and Medium Scale Enterprise to register their businesses so that the government would have adequate data of SMEs in the state for proper planning and support for their businesses.

The theme of the Conference is Innovating for Scale.

Kikelomo Ifekoya

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