Lagos pledges N5bn bailout for SMEs

The Governor of Lagos State, Babajide Sanwo-Olu, has said that the state is introducing measures to absorb the shocking effects of the COVID-19 pandemic on Micro, Small and Medium Enterprises in the s

tate.

“These persons would be paid over the duration of training expected to be between three to six months. We need to engage people, make them employable by your industries and put monies in their hands so that they can buy the products you manufacture,” he said. Sanwo-Olu said that the state would be completing the biggest rice mill in the country by December to tackle the fragility of the food system of the nation.

“There are still some food items in the warehouse and we are working on distribution models to ensure they get to the masses,” he said.

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