Akande Tasks Stakeholders On Lagos Economic Diversification Policy

Gov Sanwo-Olu

Stakeholders in Lagos State have been charged to remain committed and encouraged to drive the state economic diversification policy in order to overcome the current economic challenges.

 The Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande, gave the charge at a press briefing to announce the maiden edition of Lagos Island Business Connect Fair 2022 in Alausa, Ikeja, Lagos, on Friday.

Akande said the Lagos Island Business Fair, which is a one-of-a-kind event, is scheduled to hold from Thursday, November 24 to Sunday, November 27, 2022, with the theme: “Edu-Social for Entrepreneurs in Lagos Island & Lagos State Towards Social Economic Empowerment”.

The well-thought-out LI-BIZ-Fair, which according to the Commissioner, bears direct relevance to the clarion call of Governor Babajide Olusola Sanwo-Olu’s T.H.E.M.E.S Agenda of transforming and positioning the State for the 21st-century economy, is designed to encourage the promotion of business and social enterprise among entrepreneurs – particularly the youths, create opportunities to identify comparative advantages present in Lagos Island and strengthen bottom-up growth for continuous business interaction and socio-economic security.

She said that the event will also provide training opportunities for MSMEs in Business Education, Networking and Leadership qualities during the master class sessions.

Noting that the state is collaborating with the organisers because the Biz Fair aligns with the Federal Government’s policy on diversification of the economy from the focus on oil to non-oil export, Akande added: “We also consider the fair quite important because while it focuses on all MSMEs in Lagos Island in particular and Lagos State/Nigeria in general, it is giving special attention to youth entrepreneurs.

“At various times, the Nigerian MSMEs, especially the youths, have been advised not to let lack of finance be an impediment to their ability to build successful businesses, create wealth and contribute their quota to the society.

“Even much more important in the quest for self-realization are such other factors as skills training, continuous learning, being aware of their surroundings and what obtains globally in the business world, among others.”


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