Aftermath of EndSARS Unrest: Over 2,200 Companies Apply for Lagos Reconstruction Fund

Posted by on Oct 27, 2020, Under: News

Aftermath of EndSARS Unrest: More than 2,200 Companies Apply for Lagos Reconstruction Fund

The Lagos state government said more than 2,220 business owners have approached the Lagos State Employment Trust (LSETF) for a recovery fund, set up to help entrepreneurs resume operations after their organizations were attacked and looted by thugs. last week.

LSETF executive secretary, Ms. Teju Abisoye, announced the number of requests her agency had already received during an interview on Arise TV, which was monitored by the Business Post on Monday morning. Many small business owners in Lagos have been powerless as they have suffered heavy losses from attacks on their shops and warehouses, Ms Abisa said. He said that in sympathy, the Lagos state government had to intervene to help them get through this difficult time.

He noted that applications are still open and that more than 2,200 small businesses have applied, and many more will come as soon as many hear about the initiative. Ms Abisoy also said the agency will travel to the state to meet even those who may not have time to seek help online, noting that LSETF staff have already visited the victims of the ethnic clash in Fagbe to obtain their details.

The Business Post reported that several public and private houses were destroyed and burned during the two-day attacks by bandits, leaving many vulnerable. robbery and vandalism to get back on your feet.

The agency was created by the Lagos State Trust Fund Act of 2016 to provide financial support to the residents of Lagos State. One of his goals is to fight unemployment by creating jobs and wealth.

Talking about how to register for access to the facility, the LSETF executive noted that they must complete a document known as the Lagos SME Recovery Form, which will qualify them to receive the fund when it starts disbursing soon. He noted that claimants must provide their details, including names, company name, CAC registration number, physical addresses and email addresses, images of damage, company location, estimated damages, number of employees, and a few others.

Ms. Abisoy then invited relevant stakeholders, including donors, to help achieve this ultimate goal. He noted that they can use a variety of ways to reach, including the LSETF website and its social media channels.

Source: – Business Mail


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