Ebunlomo Taiyese, a well-known event organizer set to host "My Grand Event" in Ogun

The fourth edition of the eagerly awaited vendor exhibition, "My Grand Event", is scheduled to take place in August 2022, 27-28th helping Ogun state increase its internal revenue and see local businesses flourish.

My Grand Event is an exhibition set up to showcase array of vendors in the event industry in Ogun State as well as serve as a veritable platform for attendees to interact and network and do business. 

The event themed, 'Mega Season 4.0: The Rebirth', will also feature an exhibition of Products and Services by hundreds of vendor from across the State scheduled to hold from August 27-28th, 2022.

The Organiser of the event, Ebunlomo Tayese, during a press conference held in Abeokuta disclosed that this year's edition would be a two-day exhibition, adding that participants stand the chance of getting more than they expect within the two days.

She said the event was conceived out of the curiosity to bring value to event vendors in Ogun state as well as build small scale enterprises in order to compete favourably with their counterparts in Lagos, Oyo state and across Nigeria.

According to her," as players in the informal sector, we believe the informal sector is essential for economic growth. It is a key provider of jobs and income in emerging economies. But the crisis caused by the pandemic has had a significant impact on these economies.

"The informal sector does act as a safety net for the formal economy, thus allowing the unemployed and unemployable to find work or start their own businesses, boosting income and alleviating poverty. 

"The informal economy has witnessed a massive expansion in the last two decades in Ogun state, and by extension Nigeria and the root causes of these include elements relating to the economic context in the country, decreasing levels of market regulation, weak policy frameworks, and socio-demographic drivers such as population growth, urbanization, rise in unemployment, widening inequality between the rich and poor, low-level education, including poverty.

"Through My Grand Event as a rallying point for all vendors, Ogun state has what it takes to have an efficient small scale enterprise, despite the state of the nation's economy. My Grand Event is well positioned to bridge the gap towards increasing the state's income base.

"To achieve an efficient informal sector where vendors in Ogun state can thrive, there is a need for government to embark on series of measures, interventions, and support, such as grants, soft loans with less interests to encourage the formalization of our businesses to sustain economic growth and development.

"Certainly, Ogun state will again boost its internally generated revenue and witness growth of local businesses with over 100 vendors operating their businesses in Ogun."

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