Lagos State Employment Trust Fund (LSETF) has set a target of 25,000 small scale business in the state to get assistance of fund to grow their businesses this year.
Executive Secretary of the Board, Mr. Akin Oyebode said at the sensitisation of traders in Lagos Island Local Government at the weekend that this was in line with Governor Akinwumi Ambode vision of lifting resident out of poverty .
Oyebode said sensitisation of residents will take place across 20 local government nothing that so far 16 local governments had been visited to make sure no one is left out.
He said about N2.4 billion had been disbursed to over 2000 people adding that the aim is to grow the number of business to benefit to 25,000 by the end of the year.
“We will continue to do this almost on a weekly basis till we get our target” he said, adding that the passion that people have demonstrated towards accessing the fund has further encourage him that the ideal was very right,” he said.
“We had a full house, people are passionate and they challenged us to do better. we are priviledged to be task with realising the objective”
He expressed satisfaction with the responses received from the various beneficiaries of the pilot scheme, which he said have started paying back their loans.
“We are very excited because we see people take loan from us and they pay as at when due, for me that is very encouraging,” he said.
This post was first published on Worldstage news.