Lagos State has officially launched a N10 billion financing scheme aimed at supporting micro, small, and medium enterprises (MSMEs) within the region. The initiative involves the engagement of 19 accelerators tasked with facilitating the provision of low-interest, non-collateral loans specifically designed for cooperative businesses. This program is part of the state government's broader strategy to enhance economic growth and empower local entrepreneurs. The financing scheme is expected to significantly bolster the capacity of MSMEs in Lagos, promoting sustainable development in the sector.
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