Lagos State Governor, Mr. Babajide Sanwo-Olu, has disclosed that his administration has invested over N8.4 billion to support more than 12,000 indigent residents in micro, small, and medium enterprises (MSMEs) over the past four years.
The governor made this revelation on Tuesday during the 2025 Micro Enterprise Support Initiative (MESI) for vulnerable and indigent residents of the state, held at the Blue Roof, Ikeja, Lagos.
The event, which saw over 1,700 residents benefit from the empowerment programme, is part of the state government’s efforts to alleviate poverty and promote economic development.
Sanwo-Olu explained that the initiative is a key component of his administration’s mission to empower women and combat poverty through the development of micro-enterprises.
“I envision a Lagos where every woman, every young person, and every aspiring entrepreneur has the tools, resources, and confidence they need to turn their dreams into successful businesses, with the Micro Enterprise Support Initiative, organized by the Ministry of Women Affairs and Poverty Alleviation, we’re taking bold strides to make that vision a reality,”he said.
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