MSME Development and Lagos State Employment Trust Fund (LSETF)
Lagos had approximately 3,385,150 informal micro-enterprises and 195,332 formal enterprises in the referenced 2020 enterprise data. LEDU also states that Lagos contributed 6.8% of Nigeria's total MSME employment.
Reference: Lagos Economic Development Update (LEDU) 2024, LEDU 2024, p.29
Also covered in
Lagos Economic Development Update (LEDU) 2024
The State provided ₦25 billion initial capital through the Lagos State Employment Trust Fund (LSETF) as part of its business-development support.
Reference: LEDU 2024, p.29