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LSETF commence grassroots engagement and education drive on loan scheme

As part of the plans to ensure that Lagosians across board understand the processes and the need to apply for the Lagos State Employment Trust Fund (LSETF), the agency led by its Executive Secretary, Akin Oyebode commenced a grassroots engagement and education about the scheme today, March 14, 2017.

The engaging and informative event detailing the activities of the LSETF and its available loans to residents, held at the Primary Health Center, Agege, Lagos.

In his address, Akin Oyebode, the Executive Secretary, LSETF, said Agege residents should take advantage of the loan scheme to grow their businesses. “The loans are available at only five percent rate for all of you who intend to grow your business. The time frame to repay the loans is one year at an interest rate which is not available anywhere else.”

Speaking on the mode of paying back the loans, Oyebode said “the LSETF loans would be paid back on a monthly basis. The conditions to repay the loan isn’t strenuous nor worrisome. There are adequate plans to ensure applicants pay back.” He however advised that applicants adopt the style of paying back the loans on a daily basis irrespective of the amount involved.

In his remarks, the Sole Administrator of Agege Local Government, Hon. Abiola Gbenga showered encomiums on the LSETF team while urging his constituents to ensure they apply for the loan scheme. “The LSETF is free from any form of bias and everyone present here today have equal chance of getting the loan. Also, the Agege vocational training centre is relatively free for anyone to be part of it. Applicants can extend skills learnt from the vocational training to establish their own business and also apply for the LSETF loan to grow the business.”

The grassroots engagement and education about the LSETF loan scheme is scheduled to hold across the 20 LGs in Lagos State. The event will have officials of the Trust Fund engaging residents on the processes and the forms of loans available to them to grow their businesses.

Meanwhile, the LSETF has also set up liaison offices across the 20 LGAs in Lagos where residents can visit and apply for the loans.

You would recall that the LSETF recently launched its Programme Application Loan Management – Portal to enable applicants have easy access to the loan application forms online.



Idris Aina
Idris is a media and communications professional with keen attention to details. An entertainment enthusiast, he is an ardent fan of the team from the Red Side of Manchester with love for football banters. He tweets with the handle @arlomah.