Politics

Employment Trust Fund created 221,000 jobs – Sanwo-Olu

The Lagos State Governor, Babajide Sanwo-Olu, on Wednesday, mentioned the Lagos State Employment Trust Fund created 221,000 jobs since its inception.

The governor spoke on the Lagos Employment Summit organised by the  Trust Fund.

In a press release on his X deal with, he mentioned, “I spoke on our journey towards sustainable job creation and financial development in Lagos State.

“Over the past year, we have made significant strides in improving the employment landscape. Our unemployment rate has seen significant positive change, thanks to various initiatives and policies aimed at creating jobs and empowering our youth.”

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He mentioned the LSETF was a key ingredient of the federal government’s job creation technique.

“Since its inception, the fund has generated over 221,000 direct and oblique jobs, facilitated greater than 83,000 access-to-market alternatives, and skilled over 18,000 younger folks in industry-relevant expertise.

“Today, we also launched the Labour Market Information System a platform designed to boost job creation and enhance the job market in Lagos State. As we move forward, it is imperative that we continue to unite our efforts. I call on all stakeholders – government agencies, the private sector, civil society, and international partners – to join hands with us in this mission,” he added.

Earlier within the week, the state authorities famous that the Trust Fund had disbursed as much as N10bn to small scale companies throughout the state since inception.

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