Lagos State Government has underscored the need for innovative thinking among owners of Micro, Small and Medium Enterprises, stressing that the future of the country’s economy and prosperity depends more on the ability of entrepreneurs to translate ideas into realities.
The Commissioner for Wealth Creation and Employment, Pharmacist (Mrs.) Uzamat Akinbile-Yusuf while speaking at the 2018 Global Entrepreneurship Week held at Alausa, Ikeja, themed “GEW Inclusion: Minimising Barriers by Maximising Inclusion” described entrepreneurship as a positive force that drives innovation, creates wealth and improves lives in cities and communities.
represented by the Permanent Secretary in the Ministry, Mrs. Ganiat
Raji said there is the need for all key players in the entrepreneurship
ecosystem to deliberate on how governments, educational institutions and
private sector stakeholders can work together to foster economic growth
and a business-friendly environment.
She said the theme was carefully chosen to break barriers and ensure inclusiveness in policy formulation towards engendering entrepreneurship growth and development, stressing that “successful entrepreneurs today are the same people who had a curiosity to solve problems and took up the challenge of building and growing the economy.”
She revealed that the present administration had been supporting the development of the MSMEs in the State with lofty initiatives and friendly policies that would further enhance the sector.
wise leadership of Mr. Akinwunmi Ambode did not overlook the importance
of entrepreneurship and has been supporting this sector as part of his
plans to develop a diversified economy as well as solve the problem of
access to capital”, she said.
According to the Commissioner, the desire to grow the economy prompted the State Government to put in place the Lagos State Employment Trust Fund, LSETF, for the provision of affordable credit facilities to assist entrepreneurs in implementing their business ideas, thereby reducing unemployment and youth restiveness.
The Director of Entrepreneurship Department in the Ministry, Mrs. Taiwo Abiose in her contribution urged entrepreneurs to leverage on social media platforms to further advance their businesses.
She said the online platform, Virtual Market, recently launched by the State government is one of the avenues entrepreneurs could facilitate interactions with artisans, emphasising the importance of good packaging of products and services in promoting businesses.