Lagos support 40,000 startups with access to finance

The Lagos State Employment Trust Fund (LSETF) has supported over 40,000 startups with access to finance, which has contributed to creating jobs, said Governor Babajide Sanwo-Olu. The governor who spoke at the maiden edition of the Lagos Inter-Youth Collaboration, organized by the Office of the First Lady of the State, said LSETF has given to […]

The Lagos State Employment Trust Fund (LSETF) has supported over 40,000 startups with access to finance, which has contributed to creating jobs, said Governor Babajide Sanwo-Olu.

The governor who spoke at the maiden edition of the Lagos Inter-Youth Collaboration, organized by the Office of the First Lady of the State, said LSETF has given to some startups, soft loans, direct grants and business plans to enable them develop their businesses to full fruition.

“They have been on for a couple of years and every year, they are doing lots and lots of great things. The programmes are available irrespective of who you are, where you are from or who you know, as long as you are a resident of Lagos.”

The First Lady, Dr Ibijoke Sanwo-Olu, said the event was to sensitize youths on the inculcation of moral values, which were gradually being eroded in today’s society, as well as to sensitize them on how to take advantage of intervention programmes of government for the youth.

“Our objectives, among others, are to encourage youth participation in nation-building, create awareness on civic rights and responsibilities, provide access to opportunities profitable for youths, enlightenment of the youths about the activities of the state government, and re-orientation,” she said.