By G9ija

The Lagos State Government says its multi-billion naira 32-metric tonnes per hour rice mill at Imota, will be completed within the first quarter of next year.

Gov. Babajide Sanwo-Olu disclosed this Thursday during FATE Foundation’s 5th Annual Virtual Alumni Conference.

Sanwo-Olu said that the rice mill when operational will ensure a steady supply of freshly processed rice of about 2.4 million bags of 50kg per annum to Lagosians, in addition to over 250,000 jobs to be created in both the upstream and downstream sectors of the rice value chain.

He explained that his administration (T.H.E.M.E.S) developmental agenda is to ensure food security and improved nutrition for Lagosians.

The Governor said the government was going to launch another N5 billion support today to assist the Lagos State Employment Trust Fund (LSETF) to empower Small and Medium Enterprises (SMEs) and improve the skills of entrepreneurs, with a view to serving Lagos residents and create a thriving small businesses’ economy.

He said LSETF’s mandate was to help Lagos residents grow and scale up their MSMEs or acquire skills to get better jobs.

To promote remote working, the Governor said the government in partnership with the private sector is set 3000 fiber metro connectivity projects to support businesses and organisation in Lagos.

According to him, the telecom’s fibre infrastructure is being laid across the state to able to provide comprehensive coverage that can serve government, private, and business users.

The Founder FATE Foundation, Mr. Fola Adeola, said the enterprise development organisation was founded by to harness the strong entrepreneurial culture of Nigerians by providing business incubation, growth enablement, and accelerator support required to fully explore their innovative potential.

Following the impact of COVID-19, he said the Foundation set up a FATE Philanthropy Coalition for COVID-19 Support Fund to assist the government and entrepreneurs.

The Foundation’s Executive Director, Adenike Adeyemi, said the mission of the organisation is to foster wealth creation by promoting business and entrepreneurial development among Nigerians.