The Lagos State Government has continued its efforts to strengthen entrepreneurship through targeted support programmes for startups and existing business owners.
Eko Hot News reports that the Start Right Lagos Initiative supported a total of 250 entrepreneurs across different sectors of the economy.
The programme accommodated 50 startups and 200 established business owners selected based on their engagement during training sessions.
Officials said participants benefited from structured training designed to improve business management and operational efficiency.
The initiative also provided mentorship support to guide entrepreneurs in scaling their businesses effectively.
In addition, selected beneficiaries received grant assistance to support business expansion and sustainability.
Government representatives explained that the programme was designed to build capacity among both new and existing entrepreneurs.
The initiative focused on improving access to knowledge, financial support, and business development tools.
Participants were trained on strategies to enhance productivity and ensure long-term business growth.
Officials noted that the selection process was based on active participation and performance during the training phase.
The programme is part of Lagos State’s broader strategy to promote wealth creation and reduce unemployment.
It also aims to strengthen the MSME sector as a key driver of economic development in the state.
Beneficiaries were encouraged to apply the knowledge gained to improve their business operations and increase profitability.
The mentorship component of the initiative provided continuous guidance from industry experts and business advisors.
The Lagos State Government reaffirmed its commitment to supporting entrepreneurs through capacity-building and financial empowerment programmes.
Officials stated that similar initiatives will continue to be implemented to sustain economic growth and job creation.
The Start Right Lagos Initiative is expected to contribute significantly to the development of sustainable enterprises across the state.
