Lagos tasks young entrepreneurs to maximize opportunities

The Lagos State Commissioner for Wealth Creation and Employment, Mr. Babatunde Durosinmi-Etti has tasked young entrepreneurs to seek for and make the best ‎use of opportunities through global alliance, regional networking and leveraging on technology.

Speaking at the Workshop of the Commonwealth Alliance of Young Entrepreneurs (C.A.Y.E) West Africa, the Commissioner charged the young entrepreneurs to ‎‎come up with strategies for building a regional young entrepreneurs’ alliance that will promote entrepreneurship and trade within the region and beyond.

According to him, “Governance is being redefined by the State government through the creation of an enabling environment in Lagos for businesses to thrive. The time is right for young
entrepreneurs to come up with new businesses‎.”

He equally called on the young business owners to be alive to their civic responsibility by having constructive involvement in their various communities, adding that ‎government is working across the sector to create access to finance and market for business owners in the State.

In her remarks, the Director, Youth Division of the Commonwealth Secretariat, Katherine Ellis, said entrepreneurship especially among young people is a key driver to developing human capital necessary for the future, noting that unleashing the economic potential of youth is important to developing sustainable growth and poverty reduction.

She opined that as the numbers of young entrepreneurs grow, there is a need for a bigger voice to articulate their need and concerns which is not present in most African countries.

This, according to her, has made the Division to support formation of alliances of youth entrepreneurs in order to ensure a bigger voice on issues that concern them most and provide additional opportunities for
learning and trading.

Ellis said the workshop will focus on bringing potential stakeholders together, exploring the concept and viability of an alliance of young entrepreneurs in the region.‎

The Permanent Secretary in the Ministry, Mr. Abdul Ahmed ‎Mustapha told the young entrepreneurs from the West African Region that the Ministry is putting in place incentives that will make young businesses grow in the area of Health, Education and Agriculture.

He added that capital will be made available for young business owners with innovative and creative business ideas via the Employment Trust Fund, maintaining that the State government is committed to the growth of businesses.


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