How to Apply for Lagos State MSME Recovery Fund 2.0
Are You looking for how to apply for The Lagos MSME Recovery Fund 2.0? Then, You are at the right place, We will put You through this Loan article.
However, The Lagos MSME Recovery Fund 2.0 is a grant scheme powered 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.
Therefore, with 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.
So, The LSETF will help entrepreneurs by equipping financial help to them, creating institutional capacity for MSMEs, and developing policies to enhance the business climate in Lagos State.
Moreover, the Lagos MSME Recovery Fund will help create training and employment programs for unemployed Lagos residents and programs that foster innovation in the Lagos ecosystem.
Who Is Eligible to Apply for The Lagos MSME Recovery Fund 2.0?
For You to qualify for a Lagos recovery loan, your business must suffer from at least one of the following problems below.
- 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?
- Has difficulty repaying business loans?
- If you can’t pay your rent or your employees’ salaries and consider closing your business.
How to Apply for Lagos State MSME Recovery Fund 2.0
Apply for this grant by clicking on the link and following the guidelines.
