Lagos State Governor, Mr. Babajide Sanwo-Olu, has revealed that over the last four years, his administration has invested over N8.4 billion to support more than 12,000 micro, small, and medium enterprises, showcasing their steadfast commitment to fostering an economy where businesses can thrive and no one is left behind.
Speaking on Tuesday at the 2025 Micro Enterprise Support Initiative (MESI) organized by the Ministry of Women Affairs and Poverty Alleviation to empower micro, small, and medium enterprises, Sanwo-Olu stated that an additional 1,700 dedicated individuals, women, men, and youth were being empowered.
He said, “This significant increase in beneficiaries compared to previous years is made possible by the additional funding allocated to these programmes. Through this support, we’re not just providing start-up capital; we’re unlocking potential, restoring dignity, and opening doors to brighter, more prosperous lives for many across the state.”
The governor added that the initiative is a key part of his administration’s mission to empower women and combat poverty through the development of micro-enterprises.
He said, “This year, we’re ramping up funding, focusing on skills development, and enhancing support for women-led businesses—all driven by the Ministry of Women Affairs and Poverty Alleviation’s commitment to unity, innovation, and effective service delivery.
“When we uplift one entrepreneur, we uplift an entire family, a whole community, and ultimately, the future of Lagos. The positive impact of your success will resonate in every market, every neighborhood, and every home.”
Sanwo-Olu told the beneficiaries that they are not receiving a grant, but also a tremendous opportunity.
He, therefore, implored them to use it wisely, grow their businesses, create jobs, and support others.
He added, “Your success is a vital part of our collective progress in our beloved state. Let this be the beginning of something great. As you rise, remember to lift others along the way. When you find success, share your knowledge with those around you. And as you grow, don’t forget to give back to the communities that nurtured you.
