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Lagos Govt Reveals Plan To Boost Informal Sector

The Lagos State government has concluded plans to launch a compendium of registered artisans to scale up the informal sector with the overall objective of … Continue reading Lagos Govt Reveals Plan To Boost Informal Sector


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Lagos Govt Reveals Plan To Boost Informal Sector
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The Lagos State government has concluded plans to launch a compendium of registered artisans to scale up the informal sector with the overall objective of increasing job opportunities and growing the Gross Domestic Product (GDP) of the state.

The decision followed a meeting between the state governor Akinwunmi Ambode and members of the Lagos State Council of Tradesmen and Artisans (LACOSTA) which held on Tuesday at the Government House in Ikeja.

According to the state’s Commissioner for Wealth Creation and Employment, Dr Babatunde Durosimi-Etti, the compendium was part of government’s initiatives to assist artisans to promote their businesses.

He said the compendium, which would be launched in October, would comprise the list of all registered artisans in the state, their locations, business details and other necessary information.

The Commissioner said the compendium when fully launched would go a long way in increasing the number of artisans to access the Employment Trust Fund (ETF) set up by the Ambode administration, and as well help residents and potential customers to locate artisans in any part of the state.

“Governor Ambode, at the meeting with the members of the association, said the setting up of the ETF was part of the inclusive policy of his administration.

“The governor was also briefed that the association was collaborating with the Ministry of Wealth Creation and Employment to come up with a compendium of artisans whereby you probably be having state registered artisans which will be launched during the Artisans’ Day coming up in October.

“The compendium will have every artisan having a registration number and can be a sort of reference point for the Employment Trust Fund in assisting artisans to access capital,” Durosimi-Etti said.

He said Governor Ambode also assured the artisans that all necessary efforts would be put in place to give them access to the market, as part of initiatives to encourage and promote home-made goods.

On his part, LACOSTA President, Mr Nurudeen Buhari, said the visit was basically to appreciate the governor for all the initiatives he had brought up since the inception of his administration to support not only the artisans but the good people of the state.

Buhari said the meeting was also to assure Ambode and the state government that members of the association were very much committed toward contributing their quota to the growth and development of the state.

“We had fruitful deliberation with the Governor and he promised to build up the skill of our members as well as the compendium that will help our members to benefit more from the ETF,” he said.

“Most of our members have benefited already from the ETF loan and they are happy and with the new compendium, I think more of our members will benefit and we want to thank the governor for that,” Buhari added.