Business
Lagos Pledges More Open Market Access For MSMEs
Lagos State Governor, Mr Babajide Sanwo-Olu, says his administration will continue to ensure ease of access to market opportunities for the exposure and viability of Micro, Small and Medium Enterprises (MSMEs) globally.
The governor made the pledge at the closing ceremony of the 6th Lagos State Micro, Small and Medium Enterprises Exclusive Fair themed: “Effects of COVID-19: Charting the Way forward for MSMEs” in Lagos, yesterday.
Sanwo-Olu, represented by the Secretary to the State Government, Mrs Folasade Jaji, urged MSMEs to leverage the knowledge and network gained at the fair to build better business connections.
He tasked the MSMEs to tap into the strategies suggested to promote their businesses and make them more accessible to customers from around the country and across the globe.
“In line with the theme’s agenda of making Lagos State a 21st century economy, MSMEs will continue to receive support from the Lagos State Government in various ways.
“The trade fair has provided immediate market, created awareness and provided a platform to interact with government and customers in the last six days.
“Let me assure you again that the Ministry of Commerce, Industry and Cooperatives will continue to ensure MSMEs visibility and exposure, not just on the local but also on international stage,” said Sanwo-Olu.
He enjoined the participants to leverage the knowledge gained all through the fair to connect to new partners.
“Therefore, I also urge you all to continue to optimise, adapt and innovate and by so doing secure your pride of place at the forefront of the times we are in,” he said.
In her remarks, the State Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande, urged the MSMEs to use the impact of the fair to revitalise the entrepreneurial flame to sustain businesses and propel them to new heights.
This, she said, would help position the MSMEs for unprecedented growth and continued yield of tangible dividends, long after the fair.
“It is hoped that enough impact has been made and the lessons learned would lead to improved business awareness, potential partnerships and the beginning of viable customer relationships.
“The exuberance of the participating MSMEs is a testament to the commitment to the sustainability and inevitable prosperity of your various businesses.
“Your undeniable tenacity through adversity, as evidenced by your enduring operations in spite of the Covid-19 pandemic, with all its negative effects on commerce is no mean feat,” she said.
At the ceremony, the state government awarded three persons; Ms Idong Benson, Mrs Olanike Badmus and Mrs Zulikat Ibrahim with N500,000, N750,000 and N1,000,000 respectively to improve their businesses.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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