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Lagos Launches SME Funding and AI Skills Programs This Week

Recent launches and programmes target funding access, skills and job placement across the state.

By Lagos News Desk · Published 25 July 2026

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In June 2026 the UNDP Nigeria and Lagos State Government launched the Fashion, Leather, and Creative Enterprise Spotlight to link creative MSMEs with finance, markets and investment opportunities for expansion.

SME Bootcamp Draws Large Turnout

The 8th edition of the Caladium Lagos SME Bootcamp brought together over 1,000 entrepreneurs, with more than 700 attending in person, to tackle funding gaps, intellectual property issues and brand visibility. Over 75 businesses took part in the associated marketplace, where three entrepreneurs received grants. The event also featured interactive exhibitions and masterclasses.

Trade Fair Connects Vendors and Shoppers

A Lagos State trade fair held in partnership with Naija Brand Chicks drew over 250 vendors and 30,000 shoppers on its first day, creating direct links between vendors, customers and investors.

AI Adoption Shows Measurable Gains

Over 67 per cent of Lagos tech companies now use at least one AI-powered tool daily. SMEs report reclaiming an average of 20 hours per week through AI workflow automation in customer service, finance and logistics. One Lagos-based tailoring brand, T16 World of Fashion, used an AI chatbot for bookings and FAQs, tripling inquiries and lifting sales by 40 per cent in three months. The Lagos State Government and Lagos Chamber of Commerce are advocating for AI skills training and support for indigenous AI solutions.

Job Market and Placement Figures

Lagos accounts for over 50 per cent of national job openings, with around 8,000 active listings on major boards at any time. The Lagos State Employment Trust Fund has created over 320,000 direct and indirect jobs since 2016 and recently placed 2,127 trained individuals into employment at a 61.5 per cent placement rate.

Businesses seeking to participate in future rounds of the Spotlight or bootcamp programmes can register through the Lagos State Government channels listed on official state portals. Entrepreneurs exploring AI tools are advised to start with basic chatbots or workflow platforms already in use by local firms.