Lagos State is taking bold steps to combat unemployment and empower small businesses with Project 100K Jobs, a new initiative by the Lagos State Employment Trust Fund (LSETF).
Running from August to November 2025, the campaign will visit 12 locations across the state, offering business loans, job placements, and strategic partnerships to residents.
Key Benefits of Project 100K Jobs
Affordable Loans – Small businesses can access 9% interest rate loans with no collateral, flexible repayment, and minimal requirements (BVN, LASRAA ID, and 6-month bank statement).
Job Placements – Job seekers in formal and informal sectors will be connected with employment opportunities.
Partnership Opportunities – Organizations can collaborate with LSETF to expand impact (contact: info@lsetf.ng).
Who Can Apply?
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Small business owners looking to scale.
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Job seekers (both formal and informal sectors).
How to Participate
Interested individuals should visit lsetf.ng for updates on registration and locations.
Why This Matters
With Lagos’s rapidly growing population and high unemployment rates, Project 100K Jobs could be a game-changer for:
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Entrepreneurs struggling with financing.
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Youth and skilled workers seeking employment.
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The broader economy, as more businesses grow and hire.
LSETF’s Promise:
“We’re bridging the gap between job seekers and opportunities, and between small businesses and the funding they need to thrive.”
Key Takeaways:
Loan Advantage: Low-interest, no-collateral loans remove barriers for SMEs.
Job Boost: Direct placements aim to reduce unemployment.
Economic Ripple Effect: More jobs + more business growth = stronger Lagos economy.
