The Lagos State Employment Trust Fund (LSETF) story began in 2016 when it was established by the Lagos State Employment Trust Fund Law 2016 to tackle unemployment and promote entrepreneurship in Lagos State by empowering its residents with job and wealth creation opportunities.
The Fund, which was launched with an initial capital of N25Billion, has, over the years, empowered Lagos residents across different demographics with innovative programmes.
LSETF fosters entrepreneurship by improving access to finance and markets, strengthening the institutional capacity of MSMEs and formulating policies designed to improve the business environment in Lagos State. It also promotes human capital development in the state through programmes designed to train Lagos residents with relevant skills and place them in paid employment.
Furthermore, LSETF enables innovation in the vibrant Lagos tech ecosystem through programmes that support founders and startups with infrastructure, funding, learning and networks.
The Fund pursues its objectives through strategic collaborations with partners and funding support from sources such as development agencies, corporate organisations and individuals.