The Lagos State Employment Trust Fund (“LSETF” or “the Fund”), 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 scheme which would serve as an instrument to
inspire the creative and innovative energies of all Lagos residents and reduce unemployment across the
State has the mandate to directly invest N25Billion in helping Lagos residents grow and scale their Micro
Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs.
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. It is expected to create 300,000 direct and 600,000 indirect jobs within three years, by
supporting at least 100,000 (One Hundred Thousand) MSMEs.
On Thursday the 26 th of January 2017, the Lagos State Employment Trust Fund after concluding its Pilot
Scheme presented cheques to beneficiaries.
In connect with EDC, some of the centre’s alumni members were also part of the beneficiaries. As we
congratulate the Executive Governor of Lagos state Dr Akinwumi Ambode for this laudable project, our
sincere congratulations goes to our members listed below who also benefited from the fund. We wish
them the very best as they move ahead.