Today, 705 beneficiaries received various amounts of money ranging from N50,000 to N5,000,000 totaling almost N1bn from the Lagos State ETF. These loans have been provided at a very affordable rate of 5% per annum, cheaper than the prevailing bank interest rates.
Governor Ambode said in his words ” This is our modest way of reflating the Lagos economy, creating jobs and getting our youths gainfully occupied. I urge all Lagos residents, irrespective of your tribe, religion or gender to apply for this scheme. It is for everybody.”
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