LSETF Promotes ‘Made in Lagos’ With Two-Day Export Workshop.


In keeping up with its commitment to creating an enabling environment for small businesses to thrive in Lagos State, The Lagos State Employment Trust Fund (LSETF) will hold a two-day workshop on export for its beneficiaries on Wednesday and Thursday, 12th and 13th of April 2017.

The workshop which will be in partnership with the Nigerian Export Promotion Council (NEPC), Lagos Chapter, is aimed to train LSETF beneficiaries to scale up their businesses for export, take advantage of export opportunities in their line of business as well as receive information on the policies that guide export in their countries of interest.

Speaking about the purpose of the workshop, the LSETF’s Executive Secretary Akin Oyebode, said this workshop is targeted at the LSETF beneficiaries who qualify for export because of the goods they produce. Asides its overarching mandate, the LSETF intends to provide business support, advisory services and access to new markets for all its beneficiaries that is why we have partnered with the Lagos Chapter of the Nigerian Export Promotion Council (NEPC) to help achieve this”.

“In addition to the Nigerian Export Promotion Council sessions, we will also have facilitators from the Nigerian Customs Service and NAFDAC. We believe the timing of this workshop is perfect, especially in this era of low oil prices, and a shift toward non-oil sources of foreign exchange by the Federal and State Governments. Our intention, is to position Lagos at the forefront of this shift”. He said

The Fund is poised to provide support to at least 100,000 MSMEs; create at least 300,000 direct and up to 600,000 indirect jobs by 2019. The LSETF is also mandated to provide training and job placements for the unemployed; mentorship for business owners and improvement of the policy environment to ensure a conducive operational environment for small businesses in the state.

About Lagos State Employment Trust Fund (LSETF)

The Lagos State Employment Trust Fund (LSETF) is a Lagos State Government Initiative created as part of its commitment to boost the Lagos economy through job creation, leverage and access to finance for micro, small, medium Enterprise (MSMEs) operating in the State. LSETFs’ mandate also include provision of training for the unemployed and job placements for the employable; mentorship and support for SME owners and improvement of the policy environment to ensure a conducive operational environment for small businesses in the state.

Through this scheme promoters and owners of micro-business can get a loan of up to N500,000 at 5% interest rate per annum, while small-businesses can get a loan of up to N5,000,000 at 5% interest rate per annum. Let us include the 250,000 option.

About Mr. Akintunde Oyebode, Executive Secretary of LSETF

Akintunde Oyebode is a trained Economist. He worked as a Research Assistant at the Lagos Business School, and spent over a decade in various banking roles with First City Monument Bank (FCMB) and Stanbic IBTC Bank. Prior to being appointed as Executive Secretary of the Lagos State Employment Trust Fund (LSETF), he was the Head of SME Banking at Stanbic IBTC Bank.

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