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Uber Partners LSETF To Provide Funding To Nigerian Startups

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In a bid to create business and economic opportunities for individuals and provide support for SMEs and start-ups, Uber has announced its strategic partnership with the Lagos State Employment Trust Fund (LSETF).

Tagged UberPitch, the campaign which is done in conjunction with LSETF is an initiative that creates opportunities for  entrepreneurs to pitch their ideas, learn from highly successful business leaders and potentially get capital to effectively run their business.

Commenting on the partnership, Lola Kassim; Uber general manager for West Africa said, “In line with Uber’s clear commitment to Africa and our goal of continually creating business and economic opportunities for all, the UberBERPITCH campaign sees us supporting entrepreneurs by creating a platform for them to pitch ideas, leverage on relevant advice from business mentors, and potentially receive capital from the Lagos State Employment Trust Fund to run their businesses. Our partnership with the LSETF indicates that we are focused on ensuring that these entrepreneurs build viable and successful businesses.”

Speaking on the initiative and the collaboration with Uber, Akintunde Oyebode; executive secretary/CEO of the Lagos State Employment Trust Fund (LSETF), said: “LSETF’S mandate of job creation by supporting entrepreneurship and employability, is a vision we share with Uber.

‘’Since its inception two years ago, LSETF has provided funding worth N6bn to 8,000 businesses; and trained over 3,000 unemployed Lagos residents, with a view to place them in jobs. Through these activities, the Fund has enabled jobs for over 25,000 people, improved productivity of small businesses state-wide, and ensured Lagos State remains on a path of sustainable economic growth.”


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