N25b ETF Ours, Not FG—Lagos

By Modupe Gbadeyanka

Commissioner for Wealth Creation and Employment in Lagos State, Mr Babatunde Durosinmi-Etti, reacted to a media report attributing N25 billion Employment Trust Fund (ETF) programme to the Federal Government.

Mr Durosinmi-Etti emphasised that the scheme does not have any affiliation with the Federal Government, maintaining that it remains an initiative of the Lagos State government.

According to the Commissioner, the trust fund was initiated by the present administration of Mr Akinwunmi Ambode in fulfilment of his electioneering campaign to reduce the rate of unemployment and empower residents in the State.

He further stated that the newspaper erroneously misquoted him saying, “The N25 billion Employment Trust Fund of the Federal Government was creating wealth and employment in Lagos State.”

While urging the general public to disregard the inaccurate and misleading statement by the newspaper, Mr Durosinmi-Etti restated the commitment of the Lagos State government to ensure a transparent disbursement of the ETF to qualified entrepreneurs residing in the state.