Lagos State SME Recovery Application for Looted/Vandalized Businesses: Are you a Lagos based business and your store got looted/vandalized during the curfew? LSETF is here to help. The Lagos State Government through Lagos State Employment Trust Fund (LSETF) is now accepting applications for SME Recovery Application for Looted/Vandalized Businesses over #ENDSARS Protest (by Hoodlums).
The Lagos State Employment Trust Fund (LSETF) was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, to tackle unemployment through job and wealth creation.
The Fund will operate with an initial capital of N25Billion contributed over four years by the Lagos State Government, but will also raise additional funding from various sources including donor partners, development agencies, corporate organizations and individuals.
Following the Lekki massacre which stoked tensions in Lagos, thugs and street urchins took advantage of the unrest to loot and damage various stores and shops owned by small businesses. According to reports, many stores were looted at Ikotun, Agege, Oyigbo, Ketu and Surulere areas of the state.
A number of shops were reportedly vandalised or burnt down by hoodlums during the plunders. The Lagos State government warehouse for COVID-19 palliatives was also broken into which gave rise to similar episodes in Cross River, Osun and Kwara states.
The Lagos State Trust fund is available to support Lagos-base SMEs that incurred damages and losses due to the pillage by hooligans.
How to Apply for Lagos State SME Recovery Application.
If you are a Lagos based small business owner, apply by clicking the link below. CLICK HERE TO APPLY
Here are the steps involved to apply for the Lagos State Employment Trust Fund:
1. Apply through the LSTEF Google form
To begin your application, log on to the LSTEF SME Recovery form https://t.co/wQF3Wof1oP?amp=1 on your mobile phone or computer. Asterisked (*) sections are required. Scroll down to continue.
2. Enter Your Business Name and CAC Number
Fill in your full name as well as the name of your registered business. You may choose not to enter your Corporate Affairs Commission (CAC) number as it is optional.
3. Input Personal Details
Enter your email and residential address. Also, select your local government area in Lagos by ticking out one of the twenty (20) listed LGAs.
4. Enter Phone Number and Select Business Sector
Fill in your 11-digit phone number then choose any of the twenty (20) business sectors your business falls under. Sectors include Agriculture, Health, ICT, Artisan, among others. Select “other” if the sector is not listed.
5. Fill in Business Address and Upload Photos of Damages
At this stage, enter the address where your store, shop or supermarket is located in Lagos. This will be different from your residential address except your store is situated where you live.
Also, input the estimated amount of loss you incurred in Nigerian Naira (NGN) and upload photo proofs of damages to your shop/store.
6. Input Number of Employees and Submit
Finally, enter the number of employees for your business. If you are already a beneficiary of the LSETF, tick “Yes”. If otherwise, tick “No”.
Click “Submit” to complete your application.
Kindly share this update and Mediangr wishes every applicant a successful application.