Lagos agency disburses N15bn to 20,000 MSMEs, creates 320,000 jobs
Disbursement By Aderonke Ojediran The Lagos State Employment Trust Fund (LSETF) has disbursed N15 billion to about 20,000 Micro, Small and Medium Enterprises (MSMEs) in the state. The Executive Secretary of LSETF, Mrs Feyisayo Alayande, disclosed this at a news conference on Monday at Alausa, Ikeja, during which she gave account of the agency’s stewardship in the past decade. Alayande said that LSEFT also facilitated creation of more than 320,000 direct and indirect jobs. She said that the achievements reflected Lagos State Government’s commitment to reducing poverty and expanding economic opportunities for residents through access to finance and enterprise support. According to her, the impact of the interventions is evident in the growing number of entrepreneurs and businesses that have benefitted from LSEFT’s programmes. “In the last 10 years, we have disbursed N15 billion across 20,000 MSMEs and facilitated creation of over 320,000 direct and indirect jobs. “Th...