MfB, Lagos provide N5bn intervention fund to schools

EdFin Microfinance Bank has said it is partnering with the Lagos State Employment Trust Fund to provide a single-digit interest rate loan worth N5bn to over 2,000 private schools and individuals looking to fund their education in Lagos State. It…

FirstBank, LSETF offer N5bn funding to low-cost private schools in Lagos State

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its partnership with Lagos State Employment Trust Fund (LSETF) in a matching fund scheme. The scheme aims to cushion the impact of COVID-19 pandemic on…

Sanwo-Olu appoints Ibadan-born First Bank MD as LSSTF member

Lagos State Governor, Mr Babajide Sanwo-Olu, has appointed Ibadan-born Dr Adesola Adeduntan as a member of The Lagos State Security Trust Fund (LSSTF) Adeduntan, a Managing Director at First Bank, was appointed in the newly reconstituted boards of The Lagos…

*Lagos to replace Okada, tricycle from July (Nation) *Lagos unfolds projects to boost food security (Guardian)

Lagos to replace Okada, tricycle from July (Nation) Lagos State Government will from July introduce what it describes as First Mile and Last Mile (FMLM) mobility solution to replace banned Okada and tricycle. Transportation Commissioner Frederick Oladeinde, speaking yesterday at…

Lagos suspends loan repayment for MSMEs, tech start-ups

As part of its efforts to reduce the financial burden on 11,000 Micro, Small and Medium Enterprises (MSMEs) and technology start-ups in the state, which accessed its loans, the Lagos State Employment Trust Fund (LSETF) has placed a moratorium on…

*Lockdown: 78 violators sentenced to community service in Lagos (Punch) *Police impound 13 vehicles over stay-at-home order violation (Guardian)

Lockdown: 78 violators sentenced to community service in Lagos (Punch) The Lagos State Magistrates’ Court in Yaba, on Wednesday, sentenced 78 persons to one month community service for violating the state government’s lockdown order to limit the spread of the…

LASG presents cheques to over 2,000 beneficiaries of LSETF (Nation)

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…

15,000 new jobs created by LSETF in two years, says Oyebode

Executive Secretary of the Lagos State Employment Trust Fund (LSETF), Mr. Akintunde Oyebode on Tuesday said that no fewer than 15,000 jobs have been created by the Fund in the last two years. An Alausa statement Tuesday signed by Chief…

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