Over 2,000 Lagosians on Monday benefited from the Lagos State Employment Trust Fund (LSETF), as they were presented with cheques ranging from N200,000 to over N500,000 by the State government as loans to start their businesses.
With Monday’s disbursement of the loans, the state government through LSETF, according to Governor Akinwunmi Ambode has now disbursed over N7 billion in loans while the total beneficiaries have also increased to over 10,000.
Ambode made the disclosure in his speech at the presentation ceremony which took place at the LTV Blue Roof, Agidingbi, Ikeja.
He also disclosed that women have benefited substantially from the LSETF programmes.
According to the governor “Our commitment to women is evident in the number of women who are beneficiaries of the programmes of this Fund. Before today we had a total of 3,652 female loan beneficiaries to the 4,280 male loan beneficiaries. Read more