The Lagos MSME Recovery Fund 2.0, which is backed by the Lagos State Employment Trust Fund (LSETF), is a funding program designed to help MSMEs in Lagos 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 2016 to give financial assistance to people of Lagos State in the areas of job development, wealth building, and unemployment reduction.
The Lagos State Government will contribute N25 billion over four years to the Fund, but it will also seek additional money from a variety of sources, including donor partners, development agencies, business organizations, and individuals.
LSETF will promote entrepreneurship through enhancing access to capital, strengthening MSMEs’ institutional ability, and developing policies to improve the business climate in Lagos State. The Fund will also develop programs to train and place unemployed Lagos citizens in jobs, as well as programs to promote innovation in the Lagos ecosystem.
Who Can Apply For The Lagos MSME Recovery Fund 2.0
- Are you a small company owner in Lagos State who is having trouble staying afloat?
- Due to a lack of funds, has it been difficult to replenish your business?
- Are you experiencing trouble repaying the loans you took out to expand your business?
- Are you considering closing your business because you can’t afford to pay rent or pay your employees’ salaries?
The Lagos MSME Recovery Fund 2.0 is for you if you fall into any of the three categories. The recovery fund is intended to assist small business owners in overcoming the problems caused by the severe economic environment that has emerged in the aftermath of the Covid-19 closure.
Benefits of the Lagos MSME Recovery Fund 2.0
You will have the option of obtaining a loan for your company.
How to Apply For MSME Recovery Fund 2.0
To apply for this grant, click on this link and follow the instructions.
If you did not receive an email message when you submitted your application, please reapply.