The Lagos State Employment Trust Fund has said the recently unveiled Business Entry Guides booklet will serve as a practical guide for start-ups and add value to entrepreneurs in the poultry, fashion and recycling business.
A statement signed by LSETF and GIZ-SEDIN said the booklet would also provide important business regulations in a single document and accessible format.
It said during the unveiling, entrepreneurs in poultry, fashion and recycling business were trained on how to start and make progress in their businesses.
Director, Strategy, Funding and Stakeholder Management, LSETF, Ojei Sheila, said, “In line with this objective, GIZ SEDIN, a programme with the overall objective to improve the employment and income situation of micro, small and medium-sized enterprises, and LSETF, an MSMEs support and employment promotion agency of Lagos State, contracted FATE Foundation to gather, co-create and sensitise MSMEs in the state on important regulations affecting their business operations as well as other relevant information regarding entry, start-up costs, available funding options, business associations, cooperatives, and markets for products or services in select sectors as well as relevant information on support and opportunities for returning migrants and women entrepreneurs in Lagos State.’’
Also speaking, the Managing Director, of the Lagos Waste Management Authority, Mr Ibrahim Odumboni, advised recyclers and pickers to formalise their business process.
He said, “The Business Entry Guides encourages entrepreneurs to be formal in all their business endeavours as it guarantees them more value if they are formal.”