Lagos State Employment Trust Funds

Lagos State 2022 trust Fund Recruitment

The Lagos state trust fund board is an agency created for empowering young citizens and all resident of Lagos state through employment opportunities. These agency focuses on brilliant and hardworking entrepreneurs residing within it state to realize their desire goals, dream and aspiration by leverage and provision of access to finance.

What led to the Establishment of this agency?
It may interest you to know that the Lagos state employment trust fund was established to grant, assist and render support for job, wealth creations and address unemployment by giving equal opportunities to all resident of Lagos to access funding for their businesses, create wealthy, help boost mode of operation and sales, thereby engaging more people to work and earn a living. The loans scheme only attack 9% interest rate per annum which is made available to business owners who are well registered with the corporate affairs commission { CAC} as well with the Lagos state government.

Lagos state Trust Fund Board Micro Loan

Features
Maximum loan Amount =
=500,000
Only available to all business owners operation and resident of Lagos state.
Equity =5%of loan size
Interest rate =9%er annum

REQUIREMENT
LASSRA ID
TAX ID (LIRS)
VALID GOVERNMENT ISSUED IDENTITY CARD
BANK VERIFICATION NUMBER
2 PASSPORT PHOTOGRAPHS
6 MONTHS BANK STATEMENT
BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR.

LAGOS STATE TRUST FUND LOANS
(50,000 – 250,000)

FEATURES

• THESE IS MADE AVAILABLE TO ALL MIRCO ENTERPRISE START-UP IN LAGOS STATE
• MAXIMUM LOAN AMOUNT =250,000
• TENOR = 12-15 MONTHS WHICH INCLUDES 3MONTHS MORATORIUM
• INTEREST RATE = 9% PER ANNUM

REQUIREMENT:

1. VALID GOVERNMENT ISSUED IDENTITY CARD
2. LASSRA ID
3. TAX ID ( LIRS)
4. BANK VERIFICATON
5. 2 PASSPORT PHOTOGRAPHS
6. VOCATIONAL CERTIFICATE FROM A LAGOS STATE RECOGNISED CERTIFYING BODY
SMALL ENTERPRISE SIZE LOAN
(500,000 – 5,000,000) PER BUSINESS PERSONS

FEATURES

• AVAILABLE TO ALL SMALL AND MEDIUM SIZE BUSINESS ENTREPRENEURS PRESIDING IN LAGOS STATE
• INTEREST DATA REMAINS AT 9% PER ANNUM
• EQUITY=5% FOR LOAN SIZE
• MAXIMUM LOAD SIZE=5M

REQUIREMENT
.

lASSRA ID
• TAX ID (LIRS)
• VALID GOVERNMENT ISSUED IDENTITY CARD
• TIN NUMBER (FIRS TAX IDENTIFICATION NUMBERS)
• VALID CAC DOCUMENTS
• BANK VERIFICATION NUMBERS
• 2 PASSPORTS
• 12 MONTHS CORPORATE BANK STATEMENT
• BUSINESS MUST BE REGISTERED WITH CAC AND OPERATIONAL FOR AT LEAST A YEAR

The Lagos state must fund employment board also grant loans for education to its resident either civil servant, company workers or business men and women operating with the state. These education soft grand loans range from 500,000 – 5,000,000 as the case may be.

FEATURES

1. THE SCHOOLS MUST BE WITHIN LAGOS STATE
2. MAXIMUM OF LOAN GIVING =5M
3. TENOR RUNS FROM 12-13 MONTHS
4. EQUITY RANGE REMAINS 5% OF LOAN SIZE AND 10% OF ASSET FINANCE WHILE INTEREST RATE ALSO REMAINS AT 9% ANNUM.

REQUIREMENT FOR THESE LOANS
1. LASSRA ID IS NEEDED
2. TAX ID (LIRS)
3. VALID GOVERNMENT ISSUED IDENTITY CARD
4. TIN NUMBER THESE REFERS TO YOUR FIRS TAX IDENTIFICATION NUMBER
5. VALID CAC DOCUMENTS
6. MINIMUM OF 50 STUDENTS ENROLLED
7. BANK VERIFICATION NUMBER
8. 2 PASSPORT PHOTOGRAPHS

How do the Lagos state Trust fund raise fund

With the fund made available by the Lagos state government with an initial capital of over 25billion, However these agency tend to raise additional funding and attention from difference sources which include corporate organization, donor partner, tax payer’s from government civil servant, companies and small scale business men and women as well as development agencies and individuals alike.

Apply here  http://www.lsetf.ng

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