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.
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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.
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