The LSETF Is Offering Loans of Up to ₦5 Million To Businesses

If you live in Lagos and own a small business in need of a financial boost to get it to the next growth stage, here’s an opportunity you should take a look at.

The Lagos State Government has set up a fund to help residents of the state build their businesses and further their entrepreneurial pursuits. The Lagos State Employment Trust Fund (LSETF) will be taking up to ₦25 billion in the direction of Lagosians who want to scale up their businesses or gain skills that could help them get better jobs. Its pilot scheme is now open to the public; under the loan program, owners of micro, small and medium enterprises (MSMEs) are invited to apply for loans of up to ₦5 million.

How to Apply

1. Log on to the LSETF website, and enter the loan program page.
2. Download and read the application guidelines.
3. Download and fill the application form.
4. Submit the completed form to the LSETF office. They’re at the Synergy Building, 16 Billings Way, Oregun-Ikeja, Lagos. Note that the form must include a copy of the LASRRA (Lagos State Residents Registration Agency) card and Tax Identification Number. Applications lacking these would be considered invalid.

Entries close after the first 1,000 successful applicants are selected. So if you’re interested, you’ll have to be quick about registering. Just click here to find out more.

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ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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