Lagos provided support for over 700 business owners at an SME training camp.

The Lagos State Government has empowered more than 700 entrepreneurs during its recently concluded Small and Medium Enterprises (SME) bootcamp, aimed at strengthening business capacity, fostering innovation, and promoting economic growth across the state. The programme, which brought together startups, small business owners, and aspiring entrepreneurs, focused on enhancing skills, providing mentorship, and facilitating access to funding opportunities.

Governor Babajide Sanwo-Olu, represented at the bootcamp by senior state officials, explained that the initiative is part of the administration’s broader strategy to support SMEs, which form the backbone of the state’s economy. He emphasised that entrepreneurship development is critical to reducing unemployment, stimulating wealth creation, and promoting sustainable economic growth. The governor noted that Lagos is committed to creating an enabling environment where entrepreneurs can thrive, scale their businesses, and compete in both local and global markets.

The bootcamp featured practical training sessions on business management, financial literacy, marketing strategies, digital transformation, and innovation. Participants received hands-on mentorship from seasoned business leaders, successful entrepreneurs, and experts in various industries. The programme also offered guidance on business planning, access to credit facilities, and investment opportunities, helping participants to identify growth avenues and improve operational efficiency.

State officials highlighted that the bootcamp is designed to bridge the gap between policy support and practical business execution. By equipping entrepreneurs with the knowledge, skills, and networks necessary for business success, the government hopes to boost SME productivity, create jobs, and enhance the overall contribution of small businesses to the state’s GDP. The programme also focused on fostering innovation and technology adoption to make local businesses more competitive in an increasingly digital economy.

During the bootcamp, selected participants were connected with financial institutions, venture capitalists, and government funding agencies to facilitate access to loans and grants. This step is aimed at addressing the longstanding challenges that SMEs face in securing capital for business expansion. Entrepreneurs were also exposed to success stories and case studies, demonstrating the potential impact of strategic planning, innovation, and effective management on business growth.

The Lagos State Commissioner for Commerce, Industry and Cooperatives emphasised that SMEs are vital for economic diversification and resilience. He noted that by nurturing local enterprises, the state can stimulate industrial growth, reduce reliance on imports, and create a robust ecosystem for innovation. The commissioner added that continuous training, mentorship, and financial support are key to transforming the state into a hub for entrepreneurship and sustainable business development.

Participants expressed optimism about the bootcamp, noting that the training and mentorship have provided them with actionable insights, improved confidence, and practical tools to scale their businesses. Several entrepreneurs highlighted the value of networking opportunities, stating that connecting with industry experts and potential investors has expanded their access to markets and resources.

The state government reiterated its commitment to supporting SMEs through policy reforms, financial incentives, and targeted capacity-building initiatives. Officials indicated that the bootcamp is part of an ongoing effort to institutionalise entrepreneurship development, encourage innovation, and strengthen the competitiveness of Lagos-based businesses both nationally and internationally.

In conclusion, the Lagos SME bootcamp has not only empowered over 700 entrepreneurs but has also reinforced the state’s commitment to fostering a dynamic and inclusive business environment. By providing practical skills, mentorship, and access to financial resources, the initiative aims to drive growth, enhance economic participation, and ensure that SMEs continue to play a central role in Lagos’ economic transformation.

The government stated that follow-up programs, continuous training sessions, and supportive policies will be implemented to sustain the momentum generated by the bootcamp, ensuring that entrepreneurs remain equipped to navigate challenges, exploit opportunities, and contribute meaningfully to the state’s development and industrialisation goals.