The 2nd Annual Business Fair organized by the Rotary Club of Isheri-North, Nigeria, brought together entrepreneurs, business owners, and community leaders to delve into the theme: “Bridging the Gap between Businesses and Communities 2.0.” This event served as a platform for showcasing governmental initiatives aimed at supporting local industries and fostering economic growth.
Adebola Sofela, the State Commissioner for Industry, Trade, and Investment, emphasized the significance of enacting laws to safeguard indigenous industries against foreign imitations. He underscored the government’s dedication to bolstering local businesses, citing projects like the Modern Adire Shared Facility and the Ogun Fashion Hub, which are designed to uplift the Adire and fashion industry.
In a bid to strengthen the economy, the state has rolled out strategic interventions to empower Micro, Small, and Medium Enterprises (MSMEs). The Ogun State Small and Medium Enterprises Financial Empowerment Scheme, offering ₦2 billion in grants and loans, stands out as a crucial initiative aimed at enhancing the competitiveness of businesses in the region.
Furthermore, the government is actively working towards establishing a 1,000-hectare industrial hub under the Small and Medium Enterprises Industrial Land Acquisition Scheme (SILAS). This endeavor seeks to provide small business owners with affordable land to establish their ventures, thereby creating more avenues for economic advancement and progress.
Under the leadership of Governor Dapo Abiodun, the state remains steadfast in creating a conducive environment for businesses to flourish, promoting entrepreneurship, and uplifting communities. Entrepreneurs are encouraged to formalize their businesses by registering with the Corporate Affairs Commission and the Business Premises Permit Portal to gain access to these interventions.
Rotarian Daniel Nwejike, the President of the Rotary Club, reiterated the significance of events like the Business Fair in offering MSMEs opportunities for branding and networking. The fair serves as a stepping stone for local businesses to showcase their offerings, forge connections with potential partners, and explore avenues for growth.
In conclusion, the 2nd Annual Business Fair organized by the Rotary Club of Isheri-North underscores the government’s commitment to supporting local industries and fostering economic development. By bridging the gap between businesses and communities, this event plays a pivotal role in driving growth, sparking innovation, and cultivating a conducive environment for entrepreneurial success in Nigeria.
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