At the opening of the 37th Lagos International Trade Fair (LITF) in Lagos, Nigerian government and business leaders called on young entrepreneurs to embrace innovation to address economic challenges and boost economic growth.
The Minister of Industry, Trade and Investment, Doris Usoka-Annett, said innovation is key to Nigeria’s economic development and that young entrepreneurs play an important role in the process. She urged young entrepreneurs to utilize new technologies and innovations to address the challenges of poverty, unemployment and inequality facing Nigeria.
The President of the Nigerian Chamber of Commerce and Industry (NCCI), Michael Olawale Cole, also called on young entrepreneurs to embrace innovation. He noted that innovation is key to the survival and growth of businesses in a competitive market.
Lagos State Governor, Babajide Sanwo-Olu, said his administration would continue to support young entrepreneurs by providing them with the necessary resources and training.