The Lagos State N25 billion Employment Trust Fund, will facilitate access to funding, for over 100,000 entrepreneurs in the state. However, training the entrepreneurs is an important part of the process. Akin Oyebode, Executive Secretary of the Lagos State Employment Trust Fund joins CNBC Africa in an interview. Learn more.
The Lagos State Employment Trust Fund (“LSETF” or “the Fund”), 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. LSETF serves as an instrument to inspire the creative and innovative energies of all Lagos residents and reduce unemployment across the State. The Fund has the mandate to directly invest ₦25Billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs.