In 2016, the Lagos State Government took a bold step to tackle youth unemployment, provide financial support, and create wealth for residents, which led to the establishment of the Lagos State Employment Trust Fund (LSETF) under the Ministry of Wealth, Creation, and Employment.
Ten years on, Executive Secretary, Feyisayo Alayande, says the fund has continued to provide much-needed support to innovators and businesses in Nigeria’s centre of excellence through five key interventions: access to finance, access to skills development, access to capacity building, access to markets, and access to the technology ecosystem.
Alayande notes that in the last decade, LSETF disbursed over 15 billion naira in loans, created over 320,000 direct and indirect jobs across Lagos state, and saved over 170,000 jobs that would otherwise have been lost.
She added that over 30,000 young people have been connected to employment opportunities after receiving training. And about 1,200 tech startups have also
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