Businesses must thrive to fulfil state obligations, LCCI tells LASG

“We are also in collaboration with over 330 primary health institutions, 29 secondary health facilities and are scaling up advocacy and training to identify mild to moderate cases and tackle critical ones.” Nigeria

The Chamber noted that it will take a while for many businesses to recover from the consequential shocks from coronavirus, thus necessitating intervention and consideration by the state to support business to recover.

This comes as Lagos Governor, Babajide Sanwo-Olu, said the state was adopting measures to absorb the shocking effects of the COVID-19 pandemic on Micro, Small and Medium Enterprises , to ensure business sustainability and stimulate economic growth. Sanwo-Olu, who made the disclosure in a private sector interactive webinar organised by the LCCI, yesterday, informed of an increase of N5 billion as palliatives for MSMEs, to enable them stay afloat, reduce job losses, and ensure sustainability.

“The state had already started by reducing its budget by over 20 per cent, and increasing its health allocation to scale up health infrastructural financing within the state. The Governor added that Lagos would continue to remain accountable and transparent to the public with regards to donations by publishing in batches contributions received.

Post COVID-19, Sanwo-Olu said the state would be completing the biggest rice mill in Nigeria by December, to tackle food insecurity experienced during the lockdown, while also addressing interstate food transportation challenges in collaboration with south-western and some northern states.

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