The Executive Chairman of Ibeju-Lekki Local Government, Hon. Abdullahi Sesan Olowa, has signed a Memorandum of Understanding (MOU) with the Lagos State Employment Trust Fund (LSETF) set to disburse ₦30 million Naira in loans to Micro, Small, and Medium Enterprises (MSMEs).

Under the visionary leadership of Hon. Abdullahi Sesan Olowa, this partnership aims to provide economic relief and support to the people of Ibeju-Lekki. The funds will be distributed among 300 beneficiaries, ensuring that the loans reach a wide range of businesses in the community.

Speaking about the initiative, Hon. Abdullahi Sesan Olowa expressed his commitment to alleviating the economic hardships faced by the people of Ibeju-Lekki. The Ibeju-Lekki economic relief program was developed with the aim of providing opportunities for businesses to thrive and improve the livelihoods of the residents.

Feyisayo Alayande, the Executive Secretary of the LSETF, highlighted the LSETF mandate to create job opportunities for Lagosians. The partnership with Ibeju-Lekki Local Government is a prime example of their commitment to fostering economic growth and supporting local businesses.

This collaboration between Ibeju-Lekki Local Government and the LSETF is a significant step towards empowering MSMEs in Ibeju-Lekki LG. By providing access to financial resources, the partnership aims to stimulate business growth, create employment opportunities, and contribute to the overall development of Ibeju-Lekki.

Entrepreneurs and business owners in Ibeju-Lekki are encouraged to seize this opportunity and apply for the ₦30 million Naira MSMES loans. The funds will be disbursed based on the eligibility criteria set by the LSETF, ensuring that those who can benefit the most receive the necessary support.

The partnership between Ibeju-Lekki Local Government and the Lagos State Employment Trust Fund demonstrates a shared vision of fostering economic development, empowering local businesses, and improving the lives of the people in the community.