#Lagos Assures SMEs Of Support

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Lagos State Government has said it will continue to support Small and Medium Enterprises (SMEs), particularly players within the agribusiness space.

Agric Commissioner Ms. Abisola Olusanya gave the assurance in Lagos yesterday at the launch of the 4th edition of the Ministry of Agriculture Entrepreneurship Development Institute’s Training Programme.Olusanya, represented by the Permanent Secretary, Ministry of Agriculture, Mr. Hakeem Adeniji, said the support was necessary because of the immense contributions of SMEs to the state’s GDP, as well as the need to see them create more values in the agriculture land space.

”I will like to assure you of the constant support of Mr. Governor to all SMEs in the state, particularly players within agribusiness space.

He is aware of your immense contribution to the state’s GDP and will like to see you create more value in agriculture.

”I want to congratulate you for having been selected for this training that will propel you towards your financial empowerment.”

Specifically, I urge all, particularly participants from the Lagos Agricprenuership Programme (LAP), to appreciate the resources Governor Babajide Sanwo-Olu’s administration is investing in you. There are so many out there craving the opportunities that have been bestowed on you on a platter of gold. Please, I will not want you to take all these for granted. Remember, to whom much is given, much is expected,” the commissioner said.

She said EDI is a window for pre-qualification of micro, small and medium enterprises towards access to funds dedicated by the Federal Government for small business growth.

According to her, one of such funds is the Agricultural Small and Medium Enterprises Investment Scheme (AGSMEIS), which is an initiative of the Bankers’ Committee being managed by the Central Bank of Nigeria (CBN) in a bid to support and complement the Federal Government’s efforts at promoting small and medium agri-businesses as a vehicle for sustainable economic development and employment generation.

She said the Ministry of Agriculture Entrepreneurship Development Institute is, thus, one of the few accredited EDIs in Nigeria, adding that the institute’s curriculum has been designed to cut across functional business areas and agricultural value chains, with main focus on guiding participants to navigate through the AGSMEIS loan portal.

”Since inception, four cohorts have been trained, which translate to a total of 139 trained applicants: 61 independent applicants and 78 Lagos Agripreneurship Program (LAP)-sponsored applicants.

”As you may be aware, the Entrepreneurship Development Institute (EDI) is a CBN-accredited centre for development of entrepreneurship and entrepreneurial capabilities among Nigerians.

”The institute is expected to provide tools, techniques and framework for managing all functional areas of a business enterprise, including production, marketing, personnel and finance,” Olusanya said.

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