LSETF Summit: Sanwo-Olu Pledges Support For Entrepreneurs

Lagos State Governor, Mr. Babajide Sanwo-Olu on Wednesday reassured that his administration is committed to always provide entrepreneurs and productive population with the resources needed to work efficiently.

Sanwo-Olu made the pledge during the opening ceremony of the maiden edition of the Lagos State Employment Trust Fund (LSETF) Employment Summit 2020 themed ‘Showcasing Leading Practices in Job Creation’, which held on Wednesday, at the Radisson Blu, GRA, Ikeja.

Mr. Sanwo-Olu also charged representatives of State Governments, organised private sector, and international development agencies to brainstorm and proffer strategies and interventions for a holistic and evolutionary job creation outcome for Nigeria’s young and productive population.

According to Sanwo-Olu who was represented by the State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, he noted that the successes of the LSETF are enough learning for governments and corporates to tackle unemployment across the nation.

“Our various interventions in job creation have been instrumental to the 6.7% drop in the unemployment rate as recorded by the National Bureau of Statistics (NBS), making Lagos the State with the highest job creation record nationwide as at Q3, 2018,” Sanwo-Olu said.

“Our utmost desire is to stimulate similar outcomes in every State in Nigeria. It is this underlining rationale and in partnership with the Nigeria Governor’s Forum, that we have come together to share ideas, case studies and success stories to reverberate these same energies and impact on a national scale.

“Through this summit, the Lagos State Employment Trust Fund and subject matter experts in the job creation space will identify challenges, showcase leading practices, share learnings and success stories that have helped in achieving job creation.”

In her remarks, the Chairman, LSETF, Mrs. Ifueko Omoigui-Okauru said the LSETF Employment Summit was necessary to showcase learnings in job creation as well as global best practices to help in efforts to combat chronic unemployment situation in Nigeria.

“During this 2-day summit, I look forward to all of us learning, unlearning, relearning and taking back actionable points that would enable innovative ways to promote job creation through skills development, entrepreneurship, access to affordable funding and applied technology to our respective organisations,” she said.

In the same vein, Chairman, LSETF, Mrs. Ifueko Omoigui-Okauru added: “Since the inception of the Fund in 2016, LSETF has positioned itself as a pivotal force in reducing the rate of unemployment in Nigeria, by enabling capacity building for unemployed youth, providing support and access to finance for budding entrepreneurs thereby creating employment opportunities for Lagos residents.”

While reiterating this position, the Acting Executive Secretary, LSETF, Mrs. Teju Abisoye enjoined public and private organisations to support the Employment Trust Fund in its deliberate quest to put young people to jobs. She thanked the partners and sponsors for their valuable contributions towards hosting a successful summit. The partners include IBM, Harambee Youth Accelerator South Africa, FCMB, Tek Experts, GIZ, Eko Innovation Centre (EIC), Jobberman, SOS Children’s Village, International Breweries, Coca-Cola, ILO, Workforce Group, PIND Foundation, Stanbic IBTC, Businessday and LASAA.