Ogun State’s commitment to fostering Micro, Small, and Medium Enterprises (MSMEs) was highlighted by Sola Arobieke, Special Adviser to Governor Dapo Abiodun, during a recent workshop organized by the African Export-Import Bank.
In a statement, Arobieke emphasized the administration’s focus on enhancing the business environment for local entrepreneurs through improved access to finance, streamlined land acquisition, and better infrastructure.
Arobieke, also Deputy Director-General of the Ogun State Investment Promotion and Facilitation Agency, outlined a strategic approach that aligns with Afreximbank’s framework for MSME growth.
She noted that initiatives like OgunInvest provide One-Stop Investment Services and facilitate online tax payments, simplifying operations for small businesses.
Read also:
- FG launches ₦20bn consumer credit fund for automotive growth
- Enugu SME Center empowers youths through construction skills TVET programme
- AfDB, Italy sign $6B deal, BoI secures $50M for SMEs
- Delta ALGON Chair hails Oborevwori’s empowerment drive
- FG to set up multi-level steering committee to boost industrial growth
The Ogun State Business Environment Council aims to harmonize regulations, reducing bureaucratic hurdles for MSMEs. Recent efforts have cut construction permit approval times significantly—from 51 days to just 7 days for residential projects.
Kanayo Awani of Afreximbank emphasized the bank’s commitment to helping SMEs produce competitive, export-ready products. Mojisola Hunponu-Wusu, founder of Woodhall Capital, added that supporting SMEs is crucial for Africa’s economic prosperity. These initiatives reflect Ogun State’s dedication to empowering local businesses and fostering economic growth.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
