Categories: Business Plans

The State of Lagos Partnered with Konga to host 1st Micro Small & Medium Enterprises Fair in Lagos

Lagos State Government is partnership with one of the leading online malls in Nigeria, are hosting the first Micro Small and Medium Enterprises (MSMEs) ever to be held in Lagos. The fair is open to indigenous and local manufacturers and producers.

This six day fair aimed at promoting “made in Nigeria” products by MSMEs commenced on the May 2nd and will hold till May 8th 2016 at the Adeyemo-Bero Auditorium, Alausa Ikeja, Lagos.

Speaking at the official opening of the fair, the Governor of Lagos State Akinwunmi Ambode, who was represented by the Deputy Governor of the State, Mrs. Oluranti Adebule, while acknowledging the importance of MSMEs to the Nigerian economy noted that with over three million micro enterprises and over 11,000 SMEs, Lagos accounted for the largest concentration of micro and small-scale enterprises in Nigeria.

He further added that in order to tackle the challenges of access to funding by small businesses, the state recently disbursed N6.25bn out of the N25bn employment trust fund established by it.

Lagos State Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye throwing more light on the vision for Lagos State MSMEs stated five key objectives of the Lagos State Council on MSMEs:

“Enabling  a regulatory environment that supports MSMEs; fostering MSME growth and profitability by promoting clusters; facilitating business support services and creating demand for MSMEs’ products and services; improving access to financial support for MSMEs; raising broad-based awareness and appreciation for entrepreneurship.”

 The CEO of Shola Adekoya while expressing Konga’s reason for aligning with the Lagos State government in growing and promoting MSMEs in Lagos stated that this was indeed a laudable partnership as is in line with Konga’s mission to be the engine of trade and commerce in Africa by empowering indigenous MSME’s to reach a much wider market across the nation through its seller platform on

Ogunleye concluded by  stating that aside listing exhibitors on Konga platform for market access and global visibility, this fair would also foster quality comparison and innovative improvements among participating exhibitors for local and international competitiveness.

Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to

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