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Olugbemi. Adeyinka Ogunleye
5 months ago
Overview
Lagos State Disburses ₦25 Billion As Grants, Loans To SMEs
Lagos State Government has disbursed about N25 billion in grants and loans to Small and Medium Enterprises, SMEs, through the Lagos State Employment Trust Fund, LSETF, to enhance productivity and economic growth in the state.
Governor Bababjide Sanwo-Olu disclosed this at a parley on Thursday during the 2024 Business Day Newspaper CEO Forum, with the theme “Governors in Conversation-Innovative Governance: Steering States through Economic Turbulence,” at Victoria Island, Lagos.
The Governor, who was represented by the Deputy Governor, Dr. Obafemi Hamzat, stated that the grants and loans have helped to empower entrepreneurs to flourish in doing their businesses and stimulate the economy.
According to Sanwo-Olu, “The Lagos State Employment Trust Fund over the past six years has given out close to twenty-five billion in terms of grants and assisting people with loans.
“In this case, single-digit loans were offered to them to sustain and train them on how to manage their businesses.”
more: https://www.vanguardngr.com/2024/07/lagos-govt-disburses-n25bn-as-grants-loans-to-smes/