The Lagos State government has disclosed that it has disbursed over N415 billion loan to residents in the area and also supported 173,000 jobs in the last 10 years.
The state government, through it’s Employment Trust Fund (LSETF) held that it carried out the empowerment and also trained over 30,000 young people in the duration in a bid to address unemployment and limited access to finance, had disbursed over 20,000 loans, recorded a repayment rate of 94.53 per cent and supported more than 1,200 technology startups.
According to the government, the achievements are evidences of the state government’s commitment to employment generation, entrepreneurship development, vocational training and inclusive economic growt
The Honourable Commissioner for Wealth Creation and Employment, Akinyemi Ajigbotafe, mentioned that the fourth Lagos Employment Summit is scheduled for November 19, 2026, at the Landmark Event Centre, Lagos.
Ajigbotafe disclosed these during a press briefing in Ikeja, noting that that the employment landscape was rapidly changing due to technological advancements, artificial intelligence and digital transformation, stressing the need to equip residents with relevant skills to remain competitive.
He added that the summit would provide an opportunity to assess the Fund’s achievements and chart a course for the future of employment and talent development in Lagos.
The Permanent Secretary, Lagos State Ministry of Wealth Creation and Employment, Ololade Aina, reiterated the state’s commitment to building a skilled, innovative and globally competitive workforce through investments in human capital development, enterprise growth and sustainable employment opportunities.
Aina said the Ministry, in collaboration with the Lagos State Employment Trust Fund (LSETF), had implemented various interventions over the past decade to expand employment opportunities, support businesses, provide access to finance and equip young people with relevant skills.
She noted that the changing nature of work, driven by technology, innovation and evolving industry demands, required Lagos to strengthen its workforce capabilities and prepare residents for emerging economic opportunities.
According to her, the engagement would strengthen partnerships, encourage innovation and generate actionable recommendations to advance the state’s employment and wealth creation agenda.
The Permanent Secretary commended Governor Babajide Sanwo-Olu and Deputy Governor Dr. Obafemi Hamzat for their continued commitment to human capital development and economic empowerment through the THEMES+ Agenda.
She also acknowledged the contributions of LSETF and the media, urging stakeholders to actively participate in the summit and translate discussions into practical actions that would drive economic productivity in Lagos State.