By George OPARA
The Lagos State Government has onboarded 19 accelerators for the execution of the N10 billion Lagos State Micro Enterprise Support Initiative (LASMECO),
Spear News recalls that LASMECO is a single-digit-interest, non-collateral financing scheme targeted at cooperative-based Micro, Small, and Medium Enterprises (MSMEs).
The endorsement ceremony, held on Tuesday at the Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI) office in Alausa, Ikeja, marked the formal beginning of the programme’s application and processing phase for eligible cooperative societies across the state.
At the ceremony, Mrs Folashade Ambrose-Medebem, the Commissioner for Commerce, Cooperatives, Trade and Investment in her speech, said the selection of the accelerators was rigorous, transparent and merit-driven.
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