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The Lagos State Government has disbursed N1.9 billion in loans and grants to 4,036 Micro, Small and Medium Enterprises in 2025 to boost businesses, create jobs and support entrepreneurship across the state. Commissioner for Wealth Creation and Employment, Mr. Akinyemi Ajigbotafe, disclosed this on Thursday during the 2026 Ministerial Press Briefing in Alausa, Ikeja.
Ajigbotafe said the intervention was carried out through the Lagos State Employment Trust Fund to strengthen small businesses and improve livelihoods.
According to him, affordable loans worth N1.91 billion were given to 4,036 MSMEs, while over N23 million in grants was disbursed to 65 businesses to support expansion and operations.
He said the state government remained committed to empowering entrepreneurs in line with Governor Babajide Sanwo-Olu’s T.H.E.M.E.S Plus Agenda.
The commissioner added that 1,050 Persons With Disabilities were trained and empowered with start-up tools within the last one and a half years.
He also said 200 unemployed youths received ICT training in Full-Stack Web Development and Data Analysis and were provided with laptops.
Ajigbotafe further disclosed that more than 6,500 graduates had benefited from the Lagos State Graduate Internship Placement Programme since inception, while 2,500 graduates were placed during the 2024 cycle completed in 2025.
He said beneficiaries receive three weeks of employability training and a monthly stipend of N60,000 during the three-month internship programme.
