Five (5) Federal Government Business Grants

Lagos State MSME Recovery Fund 2.0 – Apply Here

Do you have a business in Lagos State and you are in need of fund to help boost your business? if your answer is yes, then this article is for you, we will be walking you through how to apply for the Lagos State MSME Recovery Fund 2.0, so make sure you read until the end.

The Lagos State MSME Recovery Fund (LSETF) 2.0 is a funding programme which is designed to help MSMEs in Lagos recover from the effects of the Covid-19 pandemic and it is fully backed by the Lagos State Employment Trust Fund (LSETF).

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According to the Lagos State government, the LSETF will help to promote entrepreneurship through enhancing access to capital, strengthening MSMEs’ institutional ability, and developing policies to improve the business climate in Lagos State. It will also develop programmes  to train and place unemployed Lagos citizens in jobs, as well as programs to promote innovation in the Lagos ecosystem.

The Lagos State Governent will contribute the majority of the fund in financing the programme which have been disclosed to be up to N25 billion over four years but will also seek additional fund from other sources such as donor partners, development agencies, business organizations, and individuals.

Who Are Eligible For The Lagos State MSME Recovery Fund 2.0

  • Small company owner in Lagos State who is having trouble staying afloat
  • People finding it difficult to replenish their business due to lack of funds
  • Business owners that are finding it difficult to repay loans they took to expand their business
  • Business owners that are trying to close down because they can’t afford to pay rent or pay their employees

If you fall into this categories, then the Lagos State MSME Recovery Fund is for you.

Benefits Of The Lagos State MSME Recovery Fund

  • You will have the option of obtaining a loan for your company.

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How to Apply For MSME Recovery Fund

Interested and qualified individuals should kindly click on this LINK and follow the instructions to Apply

Note: In case If you did not receive an email message when you submitted your application, please reapply.

By Okpara Kenneth

https://www.flippstack.com

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