The Lagos State in Nigeria is setting up a new fund to to tackle unemployment in Africa’s biggest Mega-City. The aim of LSETF is not just to grant loans to potential businesses, but to build capacity and ensure they are running sustainable businesses that obey the law. The Lagos state government believes, when a business meets these requirements, they give themselves the best opportunity to grow sustainably. “The most important thing is about impact. We want to ensure that businesses have the right tools to succeed and grow, and therefore employ people,” explains Akin Oyebode, the Executive Secretary of the Lagos State Employment Trust Fund.
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