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LSETF: amazing opportunities for small business in Lagos

Do you have an interesting business idea you want to implement but do not have the capital? The Lagos State Employment Trust Fund is designed to help local businesses grow, develop and create new jobs for all the interested Lagosians.

How does the program work? What is the application form you can fill in order to realize your dreams? Let us talk about the fund loan scheme and businesses that can help Lagos State to develop and grow into an economically successful region.

LSETF or Lagos State Employment Trust Fund

‘The Fund’ is another short word used to describe the new initiative in Lagos State. Anyone who lives in this Nigerian state has a unique opportunity and incredible changes to get incredible financial support for different business projects.

Lagos State employment trust fund

Innovation and creativity are the two main keys for success, and the future of Lagos depends a lot on the Lagos State Employment Trust Fund. Once you fill in the loan application form and prove that your project deserves to win and get finances, your ideas could get the support of up to 5 million Naira. Doesn’t it sound incredible and fantastic?

Since the main goal of the LSETF project is to resolve unemployment issues in the state, bring new jobs and help residents build a happy and successful future, it is understood that the small and medium businesses have to think ingenious. This is the only way you can receive the funds out of the total of 25 billion Naira resources that are invested by the fund for the next three-year-long period.

It is expected that about 100,000 businesses in Lagos State can expect the financial help from the fund. Over 900,000 jobs (both indirect and direct) should be created within this 3-year program implementation. These are wonderful ideas, so let us learn about the fund loan scheme so that you can take your chance today.

READ ALSO: How to get car loan in Nigeria

Lagos State employment trust fund for businesses

Loan application form

Firstly, LSETF has an official website that you can access to read about the program. Secondly, you need to have a business idea you want to implement and help to create new jobs in Lagos and boost Lagos economy. Thirdly, your business idea should need from 500,000 Naira to 5 million Naira investments in order to develop and bring the new jobs to offer local citizens new opportunities.

Lagos State employment trust fund winners

The loan application form is available on the LSETF site here: Make sure you read the guidelines that are also available on the same webpage as a download file.

Here is what you should do with the application:

  1. Read the guidelines for microenterprises or SMEs (small and medium enterprises).
  2. Download the application form and fill it.
  3. Provide all the required documents along with the completed application form (government ID, your photo, guarantor form, training or CAC certificate, tax ID, LASRRA number).
  4. Wait until your application is reviewed and you get the official response.

Hopefully, your business idea (start-up or enterprise development) would get the financial support through the LSETF program. Implement your projects into life and develop along with Lagos State making it a better place to live in.

READ ALSO: Interesting facts about Lagos State


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Dambazau Holds Meeting With IGP Idris, Other Top Police Officers

The Minister of Interior, Abdulrahman Danbazau, is in a meeting with the Inspector General of Police (IGP), Ibrahim Idris and senior police officers at the Force Headquarters, in Abuja.

The objective of the meeting is to devise strategies to stop illegal weapons which Idris described as becoming alarming in Nigeria, Daily Sun reported.

The IGP added that with the upcoming general elections slated to hold early next year, it is imperative for the police and other security agencies to curb illegal arms, which he insisted, were wrong hands.

IGP Idris had also condemned the arming of vigilance groups put in place by some state governors to protect lives and property of their citizens.


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PDP Blasts Lai Mohammed Over Commendation On Buhari’s Performance

Minister of Information and Culture, Lai Mohammed

The Peoples Democratic Party (PDP) has reacted to the Minister of Information and Culture, Lai Mohammed’s assertions that “there is no cause for alarm” as Nigeria is in “very safe and competent hands,” with President Muhammadu Buhari piloting the affairs of the country.

Mohammed said this over the weekend at a mini town hall meeting with the staff of the Nigerian Embassy in Madrid, Spain.

However, the PDP in a statement on Monday by its National Publicity Secretary Kola Ologbondiyan, condemned the statement saying the reality on the ground shows that the nation was on auto-pilot and drifting to the precipice.

The opposition party claimed that Nigerians are facing untold hardship due to the incompetence and corrupt proclivities of the ruling All Progressives Congress (APC).

PDP said, “If a minister of information who ought to give the correct state of affairs can announce that a government which collapsed the nation’s once robust economy and plagued it with political tension, is indeed a safe hand, then our nation is in much more trouble under the All Progressives Congress (APC).

“How can anybody say that the same Presidency whose incompetence and bad policies are directly responsible for the massive unemployment and job losses, collapse of businesses and even the lingering fuel crisis which has brought untold hardship in the land, is indeed a safe hand?

“This is a government, under whose watch, the nation has become heavily polarised along dangerous fault lines and where citizens now live in fear and mutual suspicion; where citizens are slaughtered by the day by marauders; where hunger and strange diseases ravage the people.

“The reasonable take-away from the statement of the information minister is that this government has come to its wit’s end and has no solution for the troubles it caused the nation.

“More so, the minister’s statement has further exposed the fact that this failed administration is not the least remorseful for the pain it has caused the people, which underpins its arrogance and disdain towards Nigerians.

“We, however, urge Nigerians not to despair as the repositioned PDP stands with them in the collective quest to end the misrule of the APC in 2019.”

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I Was Abandoned As A Baby, I Never Knew My Parents – Maheeda

Maheeda reveals she never knew her parents while growing up. (Photo credit: File photo)

Nigerian popular nudist, Maheeda has reveal an hidden secret about her background, youthful days and parental issues.

According to Maheeda, she stated that at no point in time has she meet her parent. She mentioned this in a chat and added that she does not have much memory about her childhood and even the few things that come to her mind as a child are not good memories that she wishes to be reminded of.

She said:

I grew up in Kano State, but I don’t remember much about my childhood; even the few things that I can recall are not pleasant memories.

I never knew my parents because I was abandoned as a baby. My childhood was characterized by loneliness, sadness and feelings of worthlessness. From a very young age, I was desperate for freedom and happiness. I just wanted to be accepted. I didn’t have a happy childhood. I was raised by kind-hearted people who took pity on me

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Yemi Alade Hits Hard At A Follower On Twitter

Yemi Alade reply a follower who told her she does not release hit songs. (Photo credit: File photo).

Nigerian female singer, Yemi Alade who of recent has been facing constant social media criticism is not allowed to be at peace as a follower again hits hard at her, the follower stated that she does not release hit track with all her work.

The actress who made the announcement to release a new track got a fan stating that she always release track with no hit track to her credit, and Yemi Alade wasted no time in giving the fan a reply.

See conversation below:

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Herders/Farmers Crisis: Nigerian Army Begins “Operation Cat Race” In Benue

The Nigerian Army has commenced Operation Cat Race Exercise in Benue state to put an end to the perennial clash between herdsmen and farmers in the state.

The army began the exercise, today, Tuesday.

Naija News gathered that ahead of the formal inauguration of the operation, the Chief of Army Staff, Lt. General Tukur Buratai, has visited Governor Samuel Ortom at the Government House in Makurdi the state capital.

Updates later…

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