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‘SETF Has Fulfilled Objectives Of Growing Lagos Economy’



Lagos State Governor, Mr Akinwunmi Ambode ,yesterday presented cheques to another batch of over 2,000 beneficiaries of the Lagos State Employment Trust Fund (LSETF) loan programme, saying the initiative has fulfilled the objectives of creating jobs and contributing to the growth of the economy.

The presentation of cheques to the new batch is in addition to the over 10,000 beneficiaries who have received more than N7billion and have created over 25,000 new jobs in the last three years.

Speaking at the presentation ceremony held in Lagos Ambode expressed fulfilment that the initiative, which is a brain child of his administration, had positively impacted many Lagosians and helped to scale up entrepreneurship with many businesses now thriving.   

“Today is a historic day. It is one of those days that we have this fulfilment that we tried our hands on something that was never done before and years after, we are able to see the result and I just want to say a big thank you to all of you that have accepted to be partners in this programme  and to just congratulate ourselves that a day like this can come in Lagos State.

“I am particularly delighted to be here today to see for myself the manifestation of a small dream we had at the inception of this government and the little seed we have sown in the lives and businesses of Lagosians. The Employment Trust Fund was a promise we made to Lagosians in 2015 and today, I am happy to see the faces of the people whose lives and aspirations have been positively impacted by this programme,” Ambode said.

In her welcome remarks, LSETF Board of Trustees Chairman, Mrs Ifueko Omoigui-Okauru said the presentation of cheques was another milestone in the journey of providing financial support to micro, small and medium enterprises for economic growth and job creation.

While appreciating various agencies and institutions who partnered with the LSETF to bring about the successes so far recorded, Omoigui-Okauru also urged others to take a cue from such by collaborating where and when necessary to further advance the objectives of the initiative.



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