Lagos State Tackles Unemployment with New Loans

The Lagos State in Nigeria is setting up a new fund to to tackle unemployment in Africa’s biggest Mega-City.

“If you are setting up your business or you need some skills to become employable and for you to create jobs for people – we are here to support you,” says Akin Oyebode, the Executive Secretary of the Lagos State Employment Trust Fund. “So, if you want to pepper dem, LSETF is the place to come, because when you grow your business and you become more successful, that’s what you’re going to do – pepper dem!” 

LSETF is the Lagos State Employment Trust Fund set up under Lagos state governor Akinwunmi Ambode to give loans to the people of Lagos to promote their Made in Nigeria Products.

The aim of LSETF is not just to grant loans to potential businesses, but to build capacity and ensure they are running sustainable businesses that obey the law. The Lagos state government believes, when a business meets these requirements, they give themselves the best opportunity to grow sustainably. 

“The most important thing is about impact. We want to ensure that businesses have the right tools to succeed and grow, and therefore employ people,” explains Akin Oyebode.

You can find out how to get loans to fund your made in Nigeria products and other business by the Lagos State Employment Trust Fund. Visit their website or office to learn about the requirement to bring your MADE IN NIGERIA business/idea to reality.

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