No fewer than 705 Lagos residents on Thursday, January 26, 2017, received various amounts of cheap loans almost N1bn from the Lagos State Educational Trust Fund, ETF.
The cheques of the loans, ranging from N50,000 to N5,000,000, were presented to some of the beneficiaries by Governor Akinwunmi Ambode in Lagos on Thursday.
“The loans were provided at a very affordable rate of 5% per annum, cheaper than the prevailing bank interest,” this is according to a tweet on the official Twitter handle of Gov Ambode.
Speaking on the motive of giving out the cheap loans, the governor tweeted, “This is our modest way of reflating the Lagos economy, creating jobs and getting our youths gainfully occupied”.
The Governor urged all Lagos residents, irrespective of your tribe, religion or gender to apply for this scheme.
See all the tweets below:
Today, 705 beneficiaries received various amounts of money ranging from N50,000 to N5,000,000 totaling almost N1bn from the Lagos State ETF pic.twitter.com/8LtPSMzMQD
— Akinwunmi Ambode (@AkinwunmiAmbode) January 26, 2017
These loans have been provided at a very affordable rate of 5% per annum, cheaper than the prevailing bank interest rates.#LSETF pic.twitter.com/BRSEZXp8Eq
— Akinwunmi Ambode (@AkinwunmiAmbode) January 26, 2017
This is our modest way of reflating the Lagos economy, creating jobs and getting our youths gainfully occupied. #LSETF pic.twitter.com/Kt7bcQBEoF
— Akinwunmi Ambode (@AkinwunmiAmbode) January 26, 2017
I urge all Lagos residents, irrespective of your tribe, religion or gender to apply for this scheme. It is for everybody. #LSETF pic.twitter.com/46DDhIvXPf
— Akinwunmi Ambode (@AkinwunmiAmbode) January 26, 2017
