LSETF EMPOWERS ENTREPRENEURS IN ALIMOSHO WITH BUSINESS LOANS, URGES RESPONSIBLE UTILISATION The Lagos State Employment Trust Fund (LSETF), in partnership with Alimosho Local Government, has presented loan cheques to qualified entrepreneurs under its Micro, Small and Medium Enterprises (MSME) financing programme, reaffirming its commitment to expanding access to affordable finance, promoting entrepreneurship, and stimulating economic growth across Lagos State. The cheque presentation ceremony, held at the Alimosho Local Government Secretariat on the 20th of July, brought together government officials, LSETF representatives, and beneficiaries to celebrate another milestone in the State Government’s efforts to empower business owners and create sustainable livelihoods. Speaking at the event, the Executive Chairman of Alimosho Local Government, Hon. Akinpelu Ibrahim Johnson commended the Lagos State Government, under the leadership of Governor Babajide Olusola Sanwo-Olu, for its continued investment in initiatives that improve the socio-economic wellbeing of residents. He also applauded LSETF for extending financial support to entrepreneurs within Alimosho, noting that access to affordable finance remains a critical driver of business growth, job creation, and local economic development. Addressing the beneficiaries, the Chairman urged them to make judicious use of the loan facilities, describing the intervention as an investment in their future rather than a grant for personal consumption. In her remarks, the Director of Programmes at LSETF, Mrs. Oyindamola Egbeyemi reiterated the Fund’s commitment to supporting entrepreneurs beyond financing by equipping them with the knowledge and skills required to build sustainable businesses. She explained that all beneficiaries undergo entrepreneurship and business management training before receiving financial support, covering key areas such as financial literacy, bookkeeping, marketing, customer relations, and business management. Mrs. Egbeyemi advised beneficiaries to maintain strict financial discipline by separating personal expenses from business capital, stressing that prudent financial management is essential for business sustainability. Egbeyemi further encouraged beneficiaries to keep their contact information updated with LSETF to enable continuous engagement and access to future intervention programmes designed to support business expansion. Beneficiaries expressed appreciation to the Lagos State Government and LSETF for the financial support, describing the intervention as timely and impactful. They noted that the loans would enable them to expand their businesses, purchase equipment, increase productivity, and create employment opportunities within their communities. The highlight of the event was the formal presentation of loan cheques to the beneficiaries by the Executive Chairman of Alimosho Local Government alongside officials of the Lagos State Employment Trust Fund. The loan disbursement is expected to improve access to productive capital for entrepreneurs, strengthen the growth and sustainability of MSMEs, promote financial inclusion, stimulate local economic activities, and contribute to employment generation across Alimosho Local Government and Lagos State. @jidesanwoolu @drobafemihamzat @LSETF @gbenga_omo @gboyegaakosile @LanreBajulaiye @BarrBimbola @Mr_JAGs @Riddwane #AGreaterLagosRising #LASG