Wale JAGUN
The Majority Leader of the Lagos State House of Assembly and representative of Ikorodu Constituency I, Hon. Sanai Oyeniran Bolanle Agunbiade, is set to give another set of small and medium scale businesses boost and opportunity for sustenance in the increasingly challenging business environment.
This time around, the lawmaker is partnering with the Lagos State Employment Trust Fund (LSETF) to make free interest loan available for over 300 businesses in Ikorodu Local Government, Ikorodu North Local Council Development Area and Ikorodu West Local Council Development Area.
Hundreds of market men and women, artisans, traders and others, on Thursday, August 16,2018, gathered at the Hon. Agunbiade’s Constituency office for documentation.
The loan sum is between N100, 000 and N150, 000.
Speaking at the event, Hon. Azeez Jimoh Olosugbo, the Director-General of the Onward Movement of Nigeria, the operational team of Hon. Agunbiade, stated that the interest free loan being sourced from LSETF is another phase of Hon. Agunbiade’s empowerment and business support for small and medium businesses.
“This is what we have been doing for many years. Although, we have been getting the loans for the traders and artisans through banks while Hon. Agunbiade paid the interests.
“This time around, we are partnering with the Lagos State Employment Trust Fund (LSETF) to get loan for over 300 market men and women across the three councils under Ikorodu Constituency I.
“You are not to pay the interest on the loan because Hon. Agunbiade shall be paying it for you. Our aim is to make revolving capital available for you from-time-time so that your businesses can keep growing and expanding in the face of challenging business environment.
Mr Shoaga Olalere., who led the LSETF team, while explaining the aims of the State Government’s intervention scheme to the beneficiaries, stated that it was designed to support small and medium businesses.
He added that the beneficiaries have three years to access the loan if they do not default in payment.
