{"id":74169,"date":"2025-08-26T06:23:08","date_gmt":"2025-08-26T06:23:08","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=74169"},"modified":"2025-08-26T06:23:08","modified_gmt":"2025-08-26T06:23:08","slug":"lagos-targets-1bn-annual-boost-through-smes","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/08\/26\/lagos-targets-1bn-annual-boost-through-smes\/","title":{"rendered":"Lagos Targets $1bn Annual Boost Through SMEs"},"content":{"rendered":"<p>By Anifowoshe Oladipupo<\/p>\n<p>The Lagos State Government has unveiled plans to generate an additional $1 billion in annual income within the next five years by expanding Small and Medium Enterprises (SMEs).<\/p>\n<p>Governor Babajide Sanwo-Olu disclosed this at the graduation of 253 beneficiaries of the Lagos State Export Readiness Training Programme (LASERP).<\/p>\n<p>He noted that Lagos currently contributes over 60% of Nigeria\u2019s non-oil exports, valued at $5.3 billion in 2024, and expressed confidence that the graduates will help drive fresh inflows.<\/p>\n<p>Twenty of the beneficiaries have been selected to showcase \u201cMade in Lagos\u201d products at the 2025 Intra-African Trade Fair in Algiers.<\/p>\n<p>Sanwo-Olu stressed that the state\u2019s economic future rests not on oil but on the \u201cvibrancy of our micro, small and medium enterprises,\u201d adding that the initiative is designed to take Lagos brands \u201cfrom the streets of Lagos to the shelves of the world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anifowoshe Oladipupo The Lagos State Government has unveiled plans to generate an additional $1 billion in annual income within the next five years by expanding Small and Medium Enterprises (SMEs). Governor Babajide Sanwo-Olu disclosed this at the graduation of 253 beneficiaries of the Lagos State Export Readiness Training Programme (LASERP). He noted that Lagos [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":74171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[],"class_list":["post-74169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=74169"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74169\/revisions"}],"predecessor-version":[{"id":74172,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74169\/revisions\/74172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/74171"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=74169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=74169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=74169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}