223 Businesses in Alimosho Get Loans from N25b ETF

May 15, 2017
223 Businesses in Alimosho Get Loans from N25b ETF

223 Businesses in Alimosho Get Loans from N25b ETF

By Dipo Olowookere

Executive Secretary of Lagos State Employment Trust Fund (ETF), Mr Akin Oyebode, has disclosed that no fewer than 223 business owners in Alimosho local government area of the state have been granted loans from the N25 billion set aside to support the scheme.

Mr Oyebode made this disclosure on Monday the Alomosho Economic Summit taking place at De Santos Hotel, Akowonjo, Egbeda.

According to the LSETF boss, the local council has shown to be great hub of businesses in the state, explaining why it was getting the attention of Governor Akinwunmi Ambode.

“Our commitment to Alimosho indicates that the area is a hub of business in the state,” Mr Oyebode stated on the occasion, adding that, “Alimosho holds the largest number of consumers in Lagos State.”

He said since the programme started, several small businesses have benefited from it.

The LSETF boss expressed the agency’s commitment to improve businesses and quality of labour in the local government.

Mr Oyebode stressed that electricity, power generation and local skilled labour were important for the growth of Alimosho, noting that, “Nigeria must continue to be driven by China as an example for Economic growth.”

He thanked organisers of the summit for coming up with this initiative and expressed LSETF support for the programme.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

Leave a Reply

Excitement as Oyo Begins Free Medical Services Today
Previous Story

Excitement as Oyo Begins Free Medical Services Today

CACOL Fumes over NASS N13b Budget for Refreshments, Others
Next Story

CACOL Fumes over NASS N13b Budget for Refreshments, Others

Latest from Economy

Don't Miss