The Lagos MSME Recovery Fund 2.0 is a grant scheme by the Lagos State Employment Trust Fund (LSETF) to help Lagos MSMEs recover from the effects of the Covid-19 pandemic.
The Lagos State Employment Trust Fund (LSETF) was established by the Lagos State Employment Trust Fund Law of 2016 to provide financial support for job development, wealth creation, and unemployment reduction in Lagos State.
In addition to the Lagos State Government N23 Billion contribution over four years, the LSETF will also raise money from various sources, such as donors, development agencies, businesses, and individuals.
The LSETF will support entrepreneurship by providing financial help to them, building institutional capacity for MSMEs, and developing policies to improve the business climate in Lagos State.
- You must own a small business in Lagos State that has struggled to stay afloat since the Covid 19 outbreak.
- Have you had difficulties replenishing your business due to a lack of funds?
- Have difficulty repaying business loans?
- If you can’t pay your rent or your employees’ salaries and consider closing your business?