LAPO Equips 1,213 Micro Business Owners With Business, Financial Skills

Micro, Small and Medium Enterprises (MSMEs) are agents of economic growth, job generation and poverty reduction all over the world. In Nigeria, they are playing an important role in income distribution, employment and wealth creation.

As a part of her contributions to the development of this vital sector of the economy, LAPO is engaged in the capacity development of microenterprise operators as well as supports the growth and development of their businesses.

Between January and June 2019, 1,213 micro-entrepreneurs mostly women received lectures on bookkeeping, business planning and development, customer relationship, financial literacy and record keeping. Features of the programme include lectures, practical training and experience sharing.

Most of the beneficiaries are now able to track their income and expenditure and save for the future development of their businesses. They are in turn giving back to society by providing opportunities, mentorship, and resources to others in need.