Tinubu Emphasises Importance Of SMEs To Economic Growth

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Tinubu Emphasises Importance Of SMEs To Economic Growth
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President Bola Tinubu has promised to provide an enabling environment for businesses, especially Small and Medium Enterprises to thrive.

He stated this at the opening ceremony of the 37th edition of Lagos International Trade Fair, which commenced yesterday November 3, 2023 to end on November 12, 2023 with the theme: ‘Connecting Businesses, Creating Value’.

“One of these initiatives is the Presidential loan scheme designed to provide small and medium enterprises with access to working capital. The world is changing, and so must we, innovation is certainly not a luxury or a necessity. We must embrace new technologies and adapt to evolving consumer demands.”

“The need to leverage this 10-day event to drive more investment also becomes more apparent, when we consider the good percentage of Nigeria’s population under the age of 30, in addition to other variables that are critical to encouraging investors and growing the economy,” he said. Also, the president of Lagos Chamber of Commerce and Industry , Dr Michael Olawale-Cole said, the Lagos International Trade Fair has, over the years, grown to be another significant milestone in the economic life of Nigeria and the broader African continent.

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