Lagos State Supports Entrepreneurship and Wealth Creation with N25 Billion Fund

Lagos State is set to support entrepreneurship and wealth creation with a  N25 Billion Fund,this was recently reported in Punch Newspapers and that’s a laudable move and i …

1926
1926

Lagos State is set to support entrepreneurship and wealth creation with a  N25 Billion Fund,this was recently reported in Punch Newspapers and that’s a laudable move and i think every state in Nigeria should do same.The fund is geared towards addressing the challenge of youth unemployment and promoting wealth creation through entrepreneurial development in the state.Governor Akinwunmi Ambode had signed the bill establishing the fund into law explaining that the move was in line with the promise he made to the people during his campaign for governor.

He said he was optimistic that the Fund would address the challenge of unemployment and promote wealth creation through entrepreneurial development.According to him, an annual contribution of N6.25bn will be injected into the Fund by the State Government for four years totaling N25bn.The governor restated the commitment of his administration to deepen democracy and rule of law especially by carrying out periodic review of obsolete laws in the State to bring them in tune with current realities for relevance and effectiveness.

 

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