The Lagos State Government has disclosed that more than ₦15 billion has been disbursed to over 20,000 small and medium-scale businesses through the Lagos State Employment Trust Fund (LSETF), helping to create over 320,000 direct and indirect jobs across the state over the past decade.
Executive Secretary of LSETF, Feyisayo Alayande, made the disclosure on Monday during a media parley in Ikeja, Lagos, where she presented the agency’s 10-year impact report and outlined its contribution to employment generation, enterprise development and wealth creation.
Alayande said the fund, established in 2016 to tackle unemployment and support entrepreneurship, has become a critical driver of economic empowerment by providing access to finance, skills development, market opportunities and technology support for Lagos residents.
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According to her, the agency has also helped preserve more than 173,000 jobs that could have been lost, while over 82,000 small businesses have benefited from capacity-building programmes designed to
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