Lagos state govt commits N10bn to boost employment in 3 years

The Lagos State Government, says it committed over N10 billion to the Lagos State Employment Trust Fund (LSETF) towards boosting employment in the last three years.

State Governor Babajide Sanwo-Olu, made this known today in Victoria Island, during the Lagos Employment Summit, with the theme: ”Sustainable Job Creation Strategies: Collective Action and Prosperity for All”.

Sanwo-Olu said that the aim of the state government in committing such amount was to ensure that more people have access to the fund with a view to recording a 6.7 per cent drop in unemployment rate.

”We want to see a drop of about 6.7 per cent in unemployment rate. We also want to make Lagos the most impressive job creation centre nationwide.

”We will try and double whatever it is that we are looking at, so we want to challenge you with a lot more. We believe you have the capacity, because you have demonstrated this in the last four years that given the opportunity, you can double these numbers.

”It is only by scaling those numbers that we can reduce the percentage of unemployment that we are seeing.

”We will give you the grants that you need, we will give the funding that you need to ensure that you can double it up, you can create the eco-space and the ability for you to be able to touch a lot more people quicker, faster and deeper,” he said.