Lagos Launches N4b Capital Project for Women
The Lagos State Government has launched a N4b (four billion naira) funding initiative for women owned businesses.
The capital initiative is in conjunction with Access Bank Plc under the management of Lagos State Employment Trust Fund (LSETF).
The fund seeks to empower female business owners with both monetary and capital capabilities. This is in order to alleviate the challenges facing start-ups and Small, Medium Enterprises (SMEs).
The governor of Lagos State, His Excellency Babajide Sanwo-Olu sharing his thoughts said:
"An important part of our mandate is to lift Lagosians out of poverty.
"I am confident about the roles our mothers and sisters will play in the future of Lagos and our country."
Mr. Sanwo-Olu expressed confidence that the scheme will be a driver to achieving economic stability for the women entrepreneurs.
In his words: " I hope the funding initiative will be a catalyst to build many women--led legacy businesses," he iterated.