The Lagos State Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI) has intensified efforts to strengthen public-private partnerships by engaging with Fidelity Bank Plc to support small and medium enterprises (SMEs) across the state.
Eko Hot News reports that Honourable Commissioner for MCCTI, Folashade Bada Ambrose, alongside Permanent Secretary Mr. Babatunde Onigbanjo and senior ministry officials, hosted a delegation from Fidelity Bank led by Divisional Head of SME, Mrs. Ugochi Osinigwe.
The meeting, guided by the Ministry’s 2026 theme of “Partnerships,” focused on enhancing the SME sector, which Mrs. Bada Ambrose described as “the engine of economic growth” in Lagos State. She emphasised the need for expanded collaboration to build a more robust and resilient SME ecosystem.
Discussions highlighted initiatives to improve access to finance, capacity building, and market opportunities for SMEs. The engagement aligns with the Lagos State Development Plan (LSDP) 2052 and the United Nations Sustainable Development Goals (SDGs), particularly SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation, and Infrastructure).
This collaboration builds on previous successful partnerships between the Lagos State Government and Fidelity Bank, which have provided financing and support to thousands of businesses in the state. The Ministry reiterated its commitment to leveraging private sector expertise to drive inclusive economic growth, create jobs, and position Lagos as a leading entrepreneurship hub in Africa.
