In Lagos And Not Using These MSME Loan You Are Missing

Do you know that the Lagos State government has officially launched the Lagos State Access to Finance for SMEs Through Cooperatives (LASMECO), a pioneering public-private initiative designed to unlock capital for Micro, Small, and Medium Enterprises operating at the grassroots. Well if you don't know, now you know!

In partnership with Bank Of Industry Nigeria and Sterling Bank , they’ve created a N10 billion fund offering up to #10 million in non-collateral loans at 9% annual interest, with a 6-month moratorium. These loans will be accessed through verified cooperative societies, a model that balances scale with accountability and community impact.

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They are targeting sectors that drive sustainable growth: healthcare, agriculture, the creative economy, manufacturing, and the circular economy. With this approach, they’re not only supporting small businesses, they’re building stronger communities.

Having said that, if you are not equally making use of the Lagos State employment trust fund MSME Loan Program portal to access credit, you are missing out. Apply here https://lsetf.ng/content/msme-loan-programme