Lagos to disburse N25bn employment fund in Sept

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Akinwunmi Ambode Governor Of Lagos State

Lagos State Government has said that the disbursement of N6.25billion being the first tranche of N25 billion, Employment Trust Fund, ETF, to beneficiaries would finally commence in September, 2016, aimed at stimulating the Small and Medium-sized Enterprises of the state economy.

The state government however, warned that it would not hesitate to apply the section of the Employment Trust Fund Law 2016, that prohibit false declaration of data which attract both fines and jail term on conviction.

The Attorney-General and Commissioner for Justice, Mr. Adeniji Kazeem, his counterpart from Ministry of Wealth Creation and Employment, Mr. Babatunde Durosinmi-Etti and Special Adviser to the Governor on Civic Engagement, Mr. Kehinde Joseph made the disclosures at the Awareness/Sensitization programme on how to access the fund by interested entrepreneurs, held in Alausa, Ikeja.

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