LSETF disburses N10b to entrepreneurs, set for employment summit 3.0
Ayodele Olalere
Lagos State government through the Lagos State Employment Trust Fund, LSETF says it has disbursed N10 billion to entrepreneurs in the state to assist them in their businesses thereby creating jobs for Lagosians.
The Acting Executive Secretary of the agency, Feyisayo Alayande made the disclosure while speaking on the forthcoming Lagos State Employment Trust Summit 3.0 coming up on July 3 at the Eko Hotel and Suites, Victoria Island.
Alayande further said that out of the N10 billion, 86% of the amount has been paid back while 500,000 businesses have been supported and 220, 000 training conducted for entrepreneurs.
She said the Summit is to show what the state has been doing to create jobs for Lagosians and collaborate with private sectors in bridging the employment gap.
Alayande added that LSETF has been partnering with stakeholders to find solutions to job scarcity. She further said different speakers have been selected to speak at the summit.
The Executive Secretary noted that the agency also set up a business support initiative where free legal support and business orientation are given to entrepreneurs.
She further said the agency will soon launch the Labour Management Information System where Lagosians can get information on latest jobs in the market.
The Special Adviser on Media and Publicity to Governor Babajide Sanwo-Olu, Gboyega Akosile said the administration is proud of what the LSETF has done in creating job opportunities for Lagosians which has advanced the vision of Sanwo-Olu’s administration.
He said the success of LSETF reflects the THEMES + agenda of Sanwo-Olu’s administration.
Ruby Igwe of ALX Africa, one of the partners in this year’s summit, expressed the organisation’s delight to partner with LSETF to provide ‘dignified jobs and training for Nigerians.’
