Lagos disburses N1.93bn loans to boost MSMEs, create jobs

By Lukman Olabiyi
The Lagos State Government has disbursed a total of N1.933 billion in loans and grants to micro, small and medium enterprises (MSMEs) as part of efforts to stimulate economic growth, support entrepreneurship and tackle unemployment across the state.
The state’s Commissioner for Wealth Creation and Employment, Akinyemi Ajigbotafe, disclosed this on Thursday during the 2026 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre in Alausa, Ikeja.
Ajigbotafe said the intervention, implemented through the Lagos State Employment Trust Fund, included N1.91 billion in affordable loans disbursed to 4,036 MSMEs, while grants worth N23.628 million were provided to...