25,954 Lagos Residents Benefit From FG Renewed Hope Cash Transfer

About 25,954 Lagos State residents across the 20 local government areas have benefited from the federal government’s Renewed Hope Cash Transfer programme, strengthening the safety net for vulnerable citizens.

The state’s Commissioner for Wealth Creation and Employment, Mr. Akinyemi Ajigbotafe, disclosed this during the ongoing Ministerial Press Briefing held at Alausa, Ikeja, to mark the second year of Governor Babajide Sanwo-Olu’s second term in office.

According to him, to combat poverty and promote economic empowerment, the state government has trained 3,006 unemployed youths in the last two years through various capacity-building and job-readiness initiatives.

Ajigbotafe explained that the Ministry partnered with local and international academies to provide employability skills training for over 2,000 graduates, some of whom secured full-time employment after their internships.

He also announced plans to onboard an additional 5,500 residents under the Nigeria CARES (NG-CARES) programme, with each beneficiary set to receive a monthly stipend of N20,000. This initiative aligns with the THEMES Plus development agenda, emphasising social inclusion, gender equality, youth empowerment, and economic resilience.

In support of Micro, Small, and Medium Enterprises (MSMEs), Mr. Ajigbotafe noted that N1.17 billion was disbursed in the past year through the Lagos State Employment Trust Fund (LSETF) to help entrepreneurs upscale their businesses. The intervention resulted in the creation of 43,830 direct and indirect jobs and helped retain 34,542 existing jobs.