Helping Micro Business Grow

A small shop in Igando Lagos

Shops like this save many women entrepreneurs and their dependants in the State of Lagos in Nigeria. But the proprietors face mountain problems keeping them running.

This woman here, owner of the above shop, pays N6000 to the Alimosho Local government area of Lagos, and another N2400, to Lawma, an agency that controls the companies that take refuse round the state. Yet, this woman doesn't have as much as N3000 to stock her shop.

What can the government do to grow micro business and in turn the economy of the state?

Well, there are a few schemes currently in place to help in this area. One among the ones that are currently running is the Lagos State Employment Trust Funds (LSETF). While stiff stringent are not attached to this empowerment program, people still find it hard to obtain loan.

There should be an extension programs to educated people on documentation issues since many of these people are not literate. There should also be a review in terms of the repayment mechanism.

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