• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Lagos State facilitates entrepreneurship with ₦ 4.9 billion loan

Emmanuel Abara Benson by Emmanuel Abara Benson
March 9, 2018
in Politics
Lagos State facilitates entrepreneurship with  ₦ 4.9 billion loan

Akinwunmi Ambode, Governor, Lagos State

Share on FacebookShare on TwitterShare on Linkedin

In its efforts to boost entrepreneurship and proffer solution to the prevalent unemployment problem in the state, the Lagos State Government has granted loans to some 5,800 Small and Medium Scale Enterprises (SMEs) to the tune of ₦ 4.9 billion.

This was disclosed during an interview by Mr Akin Oyebode, Executive Secretary/ Chief Executive Officer of the Lagos State Employment Trust Fund (LSETF).

Oyebode stated that more beneficiaries are expected to emerge during the ongoing loan scheme, while specifically hinting on the Government\’s commitment to provide at least some 15,000 small business owners with financial facilities before the end of 2018.

RelatedStories

Honeywell partners Lagos to upskill young tech entrepreneurs

Honeywell partners Lagos to upskill young tech entrepreneurs

June 16, 2022
Awabah leverages LSETF to onboard 200 agents

Awabah partners LSETF, onboards 200 agents to drive micro pension at the grassroot

November 9, 2021

\”We even expect an improvement in the later years, if businesses key into our innovation-driven enterprise framework-Lagos Ennovate, which is a set of programmes designed to support innovation-driven start-ups in the state.

“Our goal is to make Lagos the destination for innovation and technology in Africa. Already, we have raised $1 million from the United Nations Development Programme to drive this”

What does it take to apply for a loan?

Prospective beneficiaries of the fund must be unemployed residents of Lagos State who have evidence of their LASSRA Number, have at least a secondary school educational qualification and are between the ages of 18 and 35. All submissions made to the agency are vetted to ensure authenticity.

About the Lagos State Employment Trust Fund

The Lagos State Trust Fund is an initiative of Governor Akinwunmi Ambode, established under the Lagos State Trust Fund Law in 2016 and vested with the responsibility of providing financial support to unemployed entrepreneurs with the aim of ending unemployment and eradicating poverty.

According to the agency\’s website, \”the Fund has the mandate to directly invest ₦25 billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs.


Follow us for Breaking News and Market Intelligence.
Tags: Lagos State Employment Trust Fund
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

Honeywell partners Lagos to upskill young tech entrepreneurs
Business News

Honeywell partners Lagos to upskill young tech entrepreneurs

June 16, 2022
Awabah leverages LSETF to onboard 200 agents
Tech News

Awabah partners LSETF, onboards 200 agents to drive micro pension at the grassroot

November 9, 2021
Awabah leverages LSETF to onboard 200 agents
Corporate Press Releases

Awabah leverages LSETF to onboard 200 agents

November 9, 2021
LSETF re-launches Idea Hub for tech start-ups
Corporate Updates

LSETF re-launches Idea Hub for tech start-ups

August 6, 2020
Lagos orders removal of all unapproved street gates in the state to ease traffic, Sanwo-Olu to stop pension for former governors, deputies, #EndSARS: Judicial Panel of Inquiry and Restitution to include Lekki toll gate incident – Sanwo-Olu, Lagos approves resumption of all classes in public, private schools, Lagos takes major step towards delivery of Fourth Mainland Bridge, Lagos to construct rail line to airport terminal for international passengers, COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis, Lagos state government discharges 7 more coronavirus patients, Lagos state will reverse to full lockdown, Sanwo-Olu to virtually inaugurate projects as he presents scorecard of first year in office, Lekki regional road: Sanwo-Olu revokes land titles of Elegushi Royal family, Lagos pays N1.3 billion into the RSA of 246 retirees, Lagos State to empower 2.5 million youths in Arts and Crafts, Governor Sanwo-Olu appoints new Commissioner for Physical Planning and Urban Development
Politics

Lagos sets up N1 billion seed capital for hospitality sector, rolls out optical fibre across the state

July 30, 2020
LSETF suspends loan repayment for SMEs, startups amidst Coronavirus lockdown
Business News

LSETF suspends loan repayment for SMEs, startups amidst lockdown

April 7, 2020
Next Post
new, NAICOM, National Insurance Commission, Insurance

NAICOM appoints interim board for Unic Insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • WHO, UNICEF warn of rising immunization gaps as nearly 20 million infants missed vaccination in 2024 
  • CAC flags three cooperative societies for using fake incorporation certificates in Nigeria 
  • ‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 

Follow us on social media:

Recent News

polio immunization

WHO, UNICEF warn of rising immunization gaps as nearly 20 million infants missed vaccination in 2024 

July 15, 2025
CAC to increase services fees from August 15, cites economic realities  

CAC flags three cooperative societies for using fake incorporation certificates in Nigeria 

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics