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Lagos, sterling one foundation partner on invest lagos 2.0, africa social impact summit

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 In a bold move to confront the pressing social and economic challenges threatening urban resilience, the Lagos State Government has partnered with Sterling One Foundation to organise the second edition of Invest Lagos, a high-level investment summit set to hold on July 9. The summit is being held as a prelude to the Africa Social Impact Summit (ASIS), which will take place on July 10 and 11 at the Eko Hotels and Suites, Victoria Island, Lagos. With Lagos battling the pressures of rapid urbanisation, population growth, housing deficits, transport gridlock, climate threats, and rising inequality  the events aim to galvanise investment solutions to tackle what observers have described as “the hellish complexity” of running Africa’s most populous city. Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Bada Ambrose, disclosed this at a press briefing held at the Press Centre, Alausa, Ikeja, noting that Invest Lagos 2.0 is themed “Scaling Action: Bold Sol...

Lagos launches SME export training programme

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  The Lagos State Government, in collaboration with Afreximbank and ImpactHER, has launched a six-week training programme for 253 SMEs to boost export promotion efforts.   After the training, 20 outstanding SMEs will be selected to attend the Intra-Africa Trade Fair (IATF) in Algiers, Algeria, scheduled for September 2025.   Commissioner for Commerce, Cooperative, Trade and Investment, Mrs Folasade Ambrose, announced this during the programme’s launch in Alausa, Ikeja.   She said the initiative aims to broaden the reach of Micro, Small and Medium Enterprises (MSMEs) and recognise their role in economic development.   Ambrose described the opportunity as a gateway to 1.3 billion consumers across Africa, attracting buyers, investors, and policy influencers.   She added the programme would help position Lagos-based businesses as globally competitive exporters, fostering wealth creation and job opportunities.   Ambrose noted that export readiness is vital ...

Lagos Govt. presents cheques to 250 vulnerable residents

Cheques  The Lagos State Government on Monday presented cheques for various sums of money to 250 vulnerable individuals to help them to scale up their businesses and meet essential needs. He reaffirmed the government’s commitment to supporting needy residents through its financial assistance programme – Sanwo-Olu Cares and Sanwo-Olu Listens”. The News Agency of Nigeria (NAN) reports that the cheque presentation took place at the Alausa Secretariat, Ikeja, with disbursements ranging from ₦300,000 to ₦1.5 million per individual. The Special Adviser to Gov. Babajide Sanwo-Olu on Political, Legislative and Civic Engagement, Dr Tajudeen Afolabi, who presented the cheques, said that the initiative aimed to alleviate hardship among the state’s most vulnerable residents.   He said that the financial support was intended to assist beneficiaries in settling expired house rents, medical bills, children’s school fees and other critical expenses.   “You don’t have to know anyone ...

Computer Village inaugurates biometric registration to curb crime, boost investors’ confidence

  The leadership of the Ikeja Computer Village in Lagos has begun a biometric registration and enumeration exercise to sanitise the market, curb criminal activity, and restore investors’ confidence. The Leader of the market women (Iyaloja) at the Computer Village, Mrs Abisola Azeez, said in a news conference in Lagos that the exercise was part of a broader rebranding effort to address issues like phone snatching, fraudulent technicians and substandard goods. Azeez said that the market’s leadership announced the move after a recent security incident led the Lagos State Task Force to consider a complete shutdown of the village. She said that the market representatives intervened to safeguard legitimate traders. According to the Iyaloja, under the new rules, only registered vendors with Identification cards displayed at their stalls will be allowed to operate within the market. “Approved street setups will be limited to plastic chairs, show glasses, and umbrellas, while wooden structu...

LASG seeks strategic partnership to tackle coastal erosion

Erosion  The Lagos State Government has announced plans to further scale up the deployment of groyne technology, a proven coastal defence system, as part of proactive measures to address the growing threat of coastal erosion. The Commissioner for Waterfront Infrastructure Development, Mr Ekundayo Alebiosu, made this known on Monday during the ministerial press briefing at the Baguda Kalto Press Centre, Alausa. The commissioner said that he had embarked on a strategic working visit to the Kingdom of the Netherlands, where he led a high-level delegation to explore international best practices and forge partnerships for sustainable coastal management. According to Alebiosu, a groyne is a rigid hydraulic structure built from an ocean shore or riverbank that interrupts water flow and limits the movement of sediment. “Though Lagos State has already begun implementing this technology, the sheer scale of the challenge to extend its usage along the 180km shoreline presents a significant fin...

Lagos urges support for local production Local Production

    By Aderonke Ojediran Lagos, May 19, 2025 (NAN) The Lagos State Government has urged Nigerians to embrace locally made products to boost Small and Medium Enterprises (SMEs) and strengthen the national economy.   Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folasade Bada Ambrose, made this appeal on Monday during the 16th National Council on Industry, Trade and Investment (NCITI).   The event was hosted by the Lagos State Government and organised by the Federal Ministry of Trade and Investment.   Its theme was: ‘Accelerating Diversification to Rebuild Prosperity by Leveraging Industry, Trade and Investment for Shared Prosperity.’   According to Ambrose, Nigeria urgently needs to reduce its over-reliance on oil by diversifying the economy.   “For Nigeria to remain economically relevant, we must produce and consume more local goods rather than depend on imports,” she said.   She noted that Nigeria is at a crossroa...

Yakubu, Enebeli commend Quadri, Jadesola as they shine at IGP squash finals

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Squash champions of the IGP Open Contenders Invitational Classics flanked in the middle by CSO Charity Enebeli     Squash     Sixteen-year-old Yusuf Quadri, a junior champion, shocked the crowd by defeating senior top seeded player, Lanre Abdulrahman in the men’s final of the IGP Squash Contenders Invitational Classics on Thursday in Lagos.   The epic five-round action packed game ended 11/5, 11/13, 11/9, 6/11 and 7/13 in favour of Quadri.   Top seed Olatunji Jadesola also impressed, overpowering Modupe Faniyi in four sets to clinch the women’s singles title with a scoreline 11/7, 7/11, 11/5 and 11/4.   Assistant Commissioner of Police Abubakar Yakubu praised the event, calling it a showcase of squash excellence and a platform for youth development.   “We saw the best of squash. The players showed real class, and every moment was truly exciting,” Yakubu said after the finals.   Yakubu, who is also Police Sports Secretary, said the police are ...