Lagos Charges Young Entrepreneurs On Creative Ideas

Lagos State Governor, Babajide Sanwo-Olu, has charged young entrepreneurs in the State to develop their creative ideas and grow the state’s economy.
Sanwo-Olu gave the charge recently, during the maiden edition of Lagos Island Business Fair (LIBIZFair) 2022, with the theme, “Edu-Social for Entrepreneurs in Lagos Island, and Lagos State Towards Social Economic Empowerment”.
The governor, who was represented by the Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Mrs Adetutu Ososanya, said entrepreneurs should fashion their businesses on  how they should be done in the 21st century.
“Therefore, I charge all stakeholders to remain committed and be encouraged to drive the economy of our dear state, as you all create wealth and change the narratives of how businesses should be done in the 21st century, using Information Technology to drive business in line with world best practices”, he said.
Sanwo-Olu disclosed that the State Government was re-shaping the orientation of doing business by encouraging young people to become social entrepreneurs.
According to him, the LIBIZFair alligns with the policy of his administration of creating a conducive environment for businesses to thrive.
He said the government was widening access to market and encouraging networking and collaboration among entrepreneurs, in line with the Fourh Pillar of the T.H.E.M.E.S Development Agenda, “Making Lagos A 21st Century Economy”.
The Governor said the fair is lined up with the Federal Government’s Policy on diversification of the economy from the focus on oil to non-oil export.
He encouraged young people to become social business entrepreneurs and contribute to the world, rather than just making money.
In her opening remark, the Co-Founder, Lagos Island Connect (LIC), Ms Yemisi Ransome-Kuti, said the fair was borne out of the need to help businesses and youths, particularly in Lagos Island area and Lagos State at large.
Ransome-Kuti said the economy, being the start and end of everything, required main elements of adding more workers to the workforce, pushing productivity higher, hence, producing more goods and services to achieve growth.
She said there was need to create some world class businesses in Lagos Island, due to the importance of the Local Government Area to the economy of the state.