Governor Babajide Sanwo-Olu of Lagos State has rolled out a gradual guideline process for reopening of its economy in motion, with the rollout of Register-to-Open guidelines.
Speaking on the possibilities of curtailing the novel disease within the states as the economy resume full operation by next month, the Governor said the four-page Register-to-Open guidelines were the major part of the measures initiated to achieve phased re-opening of the State economy.
Sanwo-Olu also said the weeks of inertia in the economy also had significant impact on Micro, Small and Medium Enterprises (MSMEs), stressing that millions of small-scale businesses operating in the State could completely fold up if the economy is not fully reactivated.
In addition to granting three-month moratorium to MSMEs that applied for loan facilities at the Lagos State Employment Trust Funds (LSETF), Sanwo-Olu said the State Government had started to compile data of registered MSMEs in the State for operational support that would cushion the effect of economic slowdown on their businesses.
Source: Naija News