Good times! Lagos State employment fund to loan entrepreneurs at 1% interest rate0

• Development, Money
• January 12, 2016

Nice one! A N25 billion Lagos State employment fund has been established to give loans to entrepreneurs at a ridiculous 1 percent interest rate! Even the much celebrated Central Bank of Nigeria’s N220 billion SME fund comes at a higher interest of 9 percent. Called Employment Trust Fund, Governor Akinwunmi Ambode during his election campaign