Lagos State MSME Recovery Fund: The Lagos State Employment Trust Fund (LSETF) has established the Lagos MSME Recovery Fund 2.0 as a grant program to assist Lagos MSMEs in overcoming the consequences of the Covid-19 pandemic.
The Lagos State Employment Trust Fund Law of 2016 established the LSETF as a means of securing financial aid for job growth, wealth creation, and the decline in unemployment in Lagos State.
The LSETF will also generate money from a variety of sources, including donors, development organizations, corporations, and people, in addition to the N23 billion donation from the Lagos State Government over a four-year period.
Through financial assistance, institutional capacity building for MSMEs, and the creation of policies to enhance the business environment in Lagos State, the LSETF will boost entrepreneurship.
- You must run a struggling small business in Lagos State that has been affected by the Covid 19 outbreak.
- Have you had problems with cash flow when restocking your business?
- Having trouble paying back business loans?
- If you’re unable to pay your rent or the wages of your staff, have you thought about closing your company?