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LSETF HAS SUPPORTED OVER 40,000 STARTUPS WITH ACCESS TO FINANCE – SANWO-OLU

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Lagos State Governor Babajide Sanwo-Olu and others
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LSETF HAS SUPPORTED OVER 40,000 STARTUPS WITH ACCESS TO FINANCE – SANWO-OLU

…Says Tech Firms Have Received Millions Of Grants From State Science And Research Council

…As First Lady Hosts First Lagos Inter-Youth Collaboration

Lagos State Governor, Mr Babajide Sanwo-Olu on Tuesday disclosed that the Lagos State Employment Trust Fund (LSETF) has so far supported over 40,000 startups with access to finance which in turn has created jobs and contributed to the bid to ensure an enabling environment for businesses, especially budding entrepreneurs to thrive.

The Governor spoke at the maiden edition of the Lagos Inter-Youth Collaboration organized by the Office of the First Lady of Lagos State, held at LTV Blue Roof, Agidingbi, Ikeja, with the theme: “Youths and Moral Values in an Evolving Society: Challenges and Recommendations.”

The programme, according to a statement signed by the Assistant Director, Public Affairs, Office of the Lagos State First Lady, Mrs Olubukonla Nwonah, was designed to expose over 1,000 participants drawn from 100 youth groups both from formal and informal sectors as well as paramilitary institutions across the state to the various intervention programmes of the state government specifically targeted at the youth.

Mr Governor said: “The LSETF is also here. If my calculation is not wrong, they have intervened in over 40,000 start-ups. They have given some people soft loans; they have given some people grants directly; they have given other businesses development plans so that they can indeed develop their businesses to full fruition.

“They have been on for a couple of years and every year, they are doing lots and lots of great things. The programmes are available irrespective of who you are, where you are from or who you know, as long as you are a resident of Lagos.”

The Governor, who also spoke on activities of the Lagos State Science and Research Council, said in the last two years, grants worth millions of naira have been given to various tech firms through the council to support them to grow and build on their innovations.

“The council, headed by the VC of UNILAG, reviews a lot of tech start-up businesses that we have and once they see some of them, they pass them; they give them grants. In the last two years, they have given grants of N10million, N20million, N5million, and N2million to different categories of individuals.

“Our youth need to take advantage of these programmes. See how you can partake and how you can be part of it because it is published everywhere before they get entries. We have been doing it for the past two years and there is another one coming before the end of the year again,” Sanwo-Olu said.

He commended the Office of the First Lady for putting the programme together, saying it would go a long way to build conversations around various initiatives of the government for young people.

In her opening remarks, the First Lady, Dr Ibijoke Sanwo-Olu said the Inter-Youth Collaboration was aimed at sensitizing youths on the inculcation of moral values which were gradually being eroded in today’s society, as well as how they can take advantage of intervention programmes of government for the youth.

“Our objectives, among others, are to encourage youth participation in Nation-building, create awareness on civic rights and responsibilities, provide access to opportunities profitable for youths, enlightenment of the youths about the activities of the state government, and re-orientation,” she said.

At the programme, key government MDAs including Ministries of Agriculture, Education, Finance, Wealth Creation and Employment, Youth and Social Development, Science and Technology, Health Management Agency, and Office of Sustainable Development Goals and Investment were on hand to educate participants on programmes of government including Bursaries and scholarship opportunities, low-interest loan packages of the Lagos State Employment Trust Fund, innovation funds, among others.

Representatives of the Independent National Electoral Commission (INEC) were equally on ground to enlighten participants on how to participate in the voting process, while various prizes including laptops, phones, cash rewards and other gift items were won through raffle draws personally supervised by Mr Governor and the First Lady.

The highpoint of the programme was special appearances by Nigerian star actress and producer, Funke Akindele-Bello (Jenifer); as well as hip hop musicians – Humblesmith and CDQ.

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Rivers Crisis: Police Barricade Of LG Secretariats To Continue, Says IGP

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The Inspector General of Police (IGP) Kayode Egbetokun has directed the continuation of the police barricade on local government secretariats in Rivers State to prevent a breakdown of law and order.

IGP Egbetokun gave the directive while fielding questions from journalists in Abuja on the sideline of a Conference with Commissioners of Police and other Senior Officers.

He said the police will continue to occupy the secretariats until a court of competent jurisdiction delivers judgment on the local government crisis in Rivers State.

The IGP who also spoke on the controversy over the recruitment of constables and the allegations by the Police Service Commission (PSC) said the management of the Force will not sit idly and watch questionable and untrainable persons recruited into the police.

Egbetokun maintained that the Nigeria Police Force is a specialised institution that is not meant for all Nigerians.

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Eid-el-Kabir: Senate Leader Felicitates Muslim Faithful, Canvasses Patriotism

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Senate Leader, Senator Michael Opeyemi Bamidele
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The Leader of the Senate, Senator Opeyemi Bamidele on Sunday urged Nigerians to demonstrate more patriotic spirit and keep hope alive amid diverse strategic measures the federal government had been taking to guarantee fiscal and monetary stability.

Bamidele, representing Ekiti Central in the Senate, also pleaded with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to accept whatever the federal government offered them above N60,000 as the new minimum wage.

He made the call in an Eid-el-Kabir message released by his Directorate of Media and Public Affairs on Saturday, highlighting some achievements of the administration of President Bola Ahmed Tinubu, GCFR.

While felicitating all Muslim faithful nationwide, Bamidele noted that Nigerians, regardless of religion and tribes, should team up with and rally support for the Tinubu administration to safely steer the ship of the nation into a successful end.

Bamidele further emphasised that no nation could travel the journey of national rebirth alone without the unwavering support of its citizens not minding their political, cultural and social backgrounds and orientations.

He assured that the current administration would leave no stone unturned in alleviating the economic hardship most Nigerians “are currently grappling with and ensure stability in our macroeconomic environment.

“The administration might have taken some measures affecting nearly every citizen. The measures were meant to subject to hardship and penury. Rather they were taken in the best interest of our dear country. But with courage and tenacity in implementation, the measures will soon yield desired outcomes.”

On this note, Bamidele passionately appealed to the NLC and TUC to toe the path of dialogue and peace in the negotiation of a new minimum wage, which the President had promised to duly address without delay and within the capacity of the federal government.

Bamidele said the federal government “has conceded to N60,000, which obviously translates to a 100 percent increase. However, the organised labour turned down the 100 percent increase offer, the highest wage increase since the birth of the Fourth Republic.

“In the interest of public welfare, the federal government has agreed to make more concessions in this respect. As the federal government reveals its new offer, I plead with the organised labour to accept it in the national interest. The economy will not remain in this condition forever. Collectively, we are taking multi-pronged measures to reverse negative economic indicators.”

In the spirit of the season, the Leader further urged all Muslims to emulate love and good neighbourliness exemplified by Prophet Mohammed during his time and how he related very well with people of other faiths and nationalities.

He appealed that the ongoing reengineering initiatives of the Tinubu administration could only yield democratic dividends in an atmosphere devoid of insecurity, but where lives and property are protected.

He said: “Just to mention a few among ongoing projects like the 700 kilometres Lagos-Calabar Coastal Highway, the establishment of N50 Billion Pulako Initiative and annual recruitment of 30,000 new police personnel are Key Performance Indicators of this government.

“Only recently, this government declared a state of emergency in agriculture and launched the National Agricultural Development Fund with N100 billion, in addition to the Dry Season Farming Initiative and the Green Imperative Programme to ensure food security across the land.

“All these and other components of the 8-point Renewed Hope Agenda require the patriotic support and prayers for their deliverables to multiply at the doorsteps of Nogerians in the remaining three years of the first term of this government.”

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OSUN GOVERNMENT TO HOST INDUSTRIAL INVESTMENT SUMMIT IN SEPTEMBER, 2024

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Osun State Gov Ademola Adeleke
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The Osun State Government under the leadership of Governor Ademola Jackson Nurudeen Adeleke has concluded arrangements to host an Industrial Investment Summit, come September 2024.

This is contained in a press statement by the Summit Consultant, Prince Rotimi Awelewa, in Osogbo on Thursday.

The Industrial Investment Summit is expected to hold at the Centre for Black Culture and International Understanding, Cultural Centre, Abeere, Osun State.

It will be recalled that the State Governor, represented by the Commissioner for Commerce and Industry, Rev. Bunmi Jenyo, in May this year inaugurated the Central Working Committee for the Osun Industrial Investment Summit, 2024.

According to the statement, the State will be hosting a 3-day “Industrial Investment Summit 2024 from September 11 to September 13,2024 with the theme ‘Connecting Progress with Purpose’ which will focus on the bid to position Osun State as a major industrial and Commercial hub in Nigeria and West Africa.

The Osun State Investment Summit 2024 is packaged to showcase bankable opportunities and strategic matchmaking platforms, convening stakeholders to Osun Industrial ecosystem to facilitate partnerships and investments in the State.

According to Prince Awelewa, “the principal objective and focus of the Summit is to set an economic policy agenda for accelerated industrial investments in Osun State, Nigeria, underpinned by sustainable and inclusive development”.

“Through focused discussions and deliberations, the Summit seeks to identify and address the key challenges and opportunities for transforming Osun State economy, with a particular emphasis on the role of Agriculture, Industrial Advancement, Manufacturing, Tourism and Capital Investment”, he said.

The Summit is also expected to focus on driving double-digit industrial investment and economic growth across every nook and cranny of Osun State.

“This year’s Summit will create and expand channels for leveraging the qualitative Industrial, Agricultural, Mining, Tourism and ICT potentials of the State, for inclusive and sustainable wealth creation for the people and the nation”, the consultant said.

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