Lagos government boosts artisans with loans and training
The Lagos State Government has provided over N1.9bn in affordable loans to more than 4,000 small businesses and launched an eight-week training programme for 1,200 artisans and tradesmen. Babajide Sanwo-Olu announced these initiatives at the 16th Tradesmen and Artisans Day Celebration in Ikeja. The governor emphasized the importance of artisans in wealth creation and community prosperity. He also highlighted the state's commitment to supporting small businesses through training, access to finance, and professional certification.
What we know
- Babajide Sanwo-Olu revealed that over N1.9bn in loans has been disbursed to small businesses in Lagos.
- An eight-week training programme for 1,200 artisans and tradesmen has commenced, with more training planned in partnership with the United Nations Development Programme.
- The state has provided grants to 65 enterprises and offers loans up to N5m at single-digit interest rates without collateral.
- The government is implementing vocational training, professional certification, and wider market opportunities for artisans.
- Lagos has licensed 14 independent power operators and is introducing 24-hour electricity franchise zones to support business growth.
