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.
About the Award: 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 N25Billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs.
The Fund expects to create 300,000 (Three Hundred Thousand) direct and 600,000 (Six Hundred Thousand) indirect jobs within three years, by supporting at least 100,000 (One Hundred Thousand) MSMEs.
The Fund will deliver primarily through its partners and will leverage their experience & capabilities to achieve its goals.
Eligibility: This call is open to:
- In need of N500, 000 or less
- Residents of Lagos
Number of Awardees: Not specified
Value of Program: The Fund will use various interventions to boost job creation in Lagos State, energize the Lagos economy to boost the state’s production, support various initiatives designed to make Lagos a preferred investment destination and support Lagosians seeking to start or run their businesses and unemployed Lagosians who lack the skills to take existing jobs.
Application Deadline: 3rd February, 2017
Eligible Countries: Nigeria. Residents of Lagos
How to Apply: Click here to download application forms and submit at the LSETF office.
Award Provider: Lagos State Employment Trust Fund