The Lagos State Employment Trust Fund (LSETF) was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, for job, wealth creation and to tackle unemployment.
The Fund will operate with an initial capital of N25Billion contributed over four years by the Lagos State Government, but will also raise additional funding from various sources including donor partners, development agencies, corporate organizations and individuals.
LSETF will focus on promoting entrepreneurship by improving access to finance, strengthening the institutional capacity of MSMEs and formulating policies designed to improve the business environment in Lagos State. In addition, the Fund will also develop programmes designed to train and place unemployed Lagos residents in jobs; while also focusing on programmes designed to drive innovation within the Lagos ecosystem.
The LSETF Loan Programme aims to create affordable access to funding for small businesses to grow, expand. create wealth and put people to work. The loan scheme, which attracts only 5% interest rate per annum, is available ’to business owners who are registered residents of Logos State.
Kindly apply for the following loan Programme:
1) Women’s Entrepreneurs Fund Application Loans of up to N5.000,000 per business:
Do you have a registered company with CAC and personal tax registration details? Reside in Lagos. have a LASRRA ID, have a Federal Government-issued ID card, and two people to guarantee your loan and will hire new employees?
2) Small and Medium Enterprise Owners Loans of up to N5,000,000 per business:
Do you have a registered company. with CAC and personal tax registration details? Reside in Lagos, have a LASRRA ID, have a Federal Government-issued ID card, and two people to guarantee your loan and will hire new employees?
3) Micro Enterprise Owners Loons of up to N500,000 per person:
Do you have your personal tax registration details? Reside in Lagos. have a LASRRA ID. have a Federal Government-issued ID card. and have a person to guarantee your loan?
4) Micro-Enterprise Stort-Up Loans of up to N250,000 per person:
Do you have relevant training certificates? Reside In Logos. have a LASRRA ID, have a Federal Government-issued ID card. and have a person to guarantee your loan?
How to apply:
Interested eligible Applicants should:
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