July 1, 2024
Press Statement
…Says He is a Pragmatic Administrator
The Peoples Democratic Party (PDP) celebrates the Executive Governor of Edo State His Excellency Governor Godwin Nogheghase Obaseki, as he marks his birthday today.
Governor Obaseki is a pragmatic and visionary leader; a prudent administrator, people-oriented politician and consummate economist who continues to skillfully deploy his expertise, experience and competence for the development and economic growth of Edo State and the Nation.
The PDP celebrates Governor Obaseki for his numerous landmark and pacesetting achievements including citizen empowerment, human capital and development projects in critical sectors of roads, agriculture, education, healthcare, housing, electricity, aviation, industrialization, oil and gas, transportation, security, among others in line with the manifesto and policy thrust of the PDP.
Governor Obaseki’s giant strides with the Edo State Modular Refinery, the Ossiomo and Azura Power Plants, Edo State Oil Palm Programme, Edo Innovation Hub, Industrial Parks, Sea Port Projects, Edo Emergency Medical Service, Edo State Technical Talent Development Policy and Work-Based Learning Programme, Edo State Security Network, the digitalization of the Edo State Civil Serve among other pace-setting achievements stand him out as a result-oriented leader.
Such legacy projects and programme have further opened Edo State to massive development, economic growth, employment and better living standard on the platform of the PDP which the people of Edo State are determined to consolidate by voting enmasse for the PDP in the September 21, 2024 Governorship election in the State.
The PDP congratulates Governor Obaseki on his birthday and prays to God to grant him many more years in good health and wisdom in the service of Edo State, the Nation and humanity.
Signed:
Hon. Debo Ologunagba
National Publicity Secretary
PRESS RELEASE
‘WE’VE FINANCED 500,000 ENTREPRENEURS WITH N10 BILLION BUSINESS GRANT SINCE INCEPTION’ — LSETF
…Lagos Employment Summit holds Wednesday
…Agency set to launch Labour Market Information System
No fewer than 500,000 private business enterprises operating in Lagos State have been successfully supported and stabilised through a tenure-bound credit programme and seed capital by the Lagos State Employment Trust Fund (LSETF), it was revealed on Monday.
The State Government’s employment agency disclosed that it had disbursed over N10 billion in business grants to support new and existing enterprises, with 86 percent of beneficiaries meeting their loan repayment obligations.
The details were made public by the LSETF Acting Executive Secretary, Mrs. Feyisayo Alayande, while briefing reporters at the Bagauda Kaltho Press Centre in Alausa on the activities lined up for the third Lagos Employment Summit being organised by the agency.
The one-day summit, with the theme: “Job Creation – Uniting for Impact: Create, Collaborate, Change”, will hold on Wednesday at the Eko Hotels and Suites, Victoria Island.
Alanyande said LSETF, since inception, had organised 220,000 business sustainability trainings for thousands of entrepreneurs, while supporting new business ventures to scale up and refocus their financial growth to create jobs and improve business opportunities.
She said: “Since inception of our operations, we have provided good support to businesses in terms of funding. We have done about N10 billion disbursement till date in terms of creating access to seed capital and business financing for enterprises across sectors. We have done about 220,000 entrepreneurial trainings for Lagosians, while supporting about 500,000 businesses.
“As at two months ago, we had over 83 per cent collection rate, which means that the majority of our loan beneficiaries have paid back their facilities. As I speak, we have moved the collection rate up to 86 per cent. This means that we have been performing better.
“Our beneficiaries are constantly reminded about their obligations to repay the loan given to them to scale up their businesses. Our goal is to achieve total repayment. Any beneficiary who defaults the loan repayment is automatically denying someone else the opportunity to benefit from the scheme.”
Speaking on the employment summit slated for Wednesday, the LSETF boss said the event would offer a platform for stakeholders on Entrepreneurship and Employability markets to explore collaborative strategies and best practices in catalysing job creation.
The event, she said, would explore diverse contemporary perspectives and viewpoints on job creation through curated sessions and topics.
Alayande said the agency would be launching Labour Market Information System that would provide up-to-date information to individuals and institutions seeking data about employment within the State. The summit, she added, would reaffirm LSETF’s commitment to its mandate of empowerment and sustaining businesses.
“The Lagos Employment Summit aligns with our mandate to promote economic growth and job creation opportunities for the vibrant people of Lagos State. With this year’s edition, we aim to stimulate inclusive discourse and develop strategies that drive impactful job creation initiatives,” the LSETF boss said.
Commissioner for Wealth Creation and Employment, Hon. Akinyemi Ajigbotafe, noted that the summit was the State Government’s strategic plan to fostering economic growth and creating sustainable employment opportunities.
LSETF Director for Strategy, Funding and Stakeholders Management, Ms. Sherifah Balogun, said the event would mark another milestone in the agency’s journey towards achieving the vision of the Governor Babajide Sanwo-Olu administration to empower people and create decent means of livelihood for Lagosians.
“We are delighted to host the third edition of the employment summit. We believe partnership is critical factor that is instrumental to LSETF’s success over the years. We are leveraging the event to bring all stakeholders from diverse sectors on common ground, thereby setting the stage for rewarding collaborations,” Balogun said.