Politics
Lagos Government Seeks World Bank Funding For SME Development
Lagos Government Seeks World Bank Funding For SME Development....KINDLY READ THE FULL STORY HERE▶
The Lagos State Public Procurement Agency has requested assistance from the World Bank to enhance its e-procurement systems and support Small and Medium Enterprises (SMEs). This appeal was made by the agency’s Director-General, Fatai Onafowote, during a meeting with a six-member World Bank delegation led by Ms. Nazaneen Ali, the Bank’s Procurement Practice Manager for the Western and Central African Region. The delegation visited the agency in Lagos for a one-day session……CONTINUE READING
In his address, Onafowote expressed gratitude for the World Bank’s previous support and outlined the need for further assistance in areas such as procurement reforms, system modernization, and the complete implementation of the e-procurement system. He also sought support for capacity building, personnel development, affirmative procurement, SME growth, and facilitating international exchange programs.
Onafowote highlighted that since the initial onboarding of three pilot ministries and agencies in 2019, the e-procurement platform now includes 140 MDAs, with 19 more set to join by the end of the year. The adoption of this technology has significantly improved transparency, efficiency, and ease of doing business, positioning Lagos State as an attractive investment destination.
Ms. Ali praised the agency’s efforts in digitalizing its operations and encouraged Onafowote to submit a formal proposal for further support. In June, senior officials from Liberia’s Public Procurement and Concessions Commission visited Lagos to learn from the state’s e-procurement system.
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