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Lagos State Employment Trust Fund Grant for MSMEs

Lagos State Government
  The Lagos State Government, through the Lagos State Employment Trust Fund (LSETF) is inviting MSMEs in the state to apply for grants under the COVID-19 Action Recovery and Economic Stimulus (CARES) program. If they meet preset criteria, they could receive grants of up to ₦1 million. This program is aimed at supporting the recovery of MSMEs in the state after the ravages of the COVID-19 pandemic.
Read more about Opportunities
Businesses can apply for one of three grant types, namely:

Credit Grant

This covers up to 40% of performing loans taken by businesses starting in June 2020, to date, from selected financial institutions following the emergence of the COVID-19 crisis.

Operations Grant

The Operations Grant is given to prop-up the operational expenditure of MSMEs in Lagos after the emergence of the COVID-19 pandemic. This grant will cover up to 50% of monthly operational costs for 6 months. The costs to be covered include staff salaries, documented utilities, and documented private security expenses.
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IT Enhancement Grant

This grant helps MSMEs to acquire technologies that will improve their operations and productivity.

Eligibility

Micro Enterprises
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SMEs If you would like to apply for the LSETF Lagos CARES Grant, you can do so HERE.
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