The short version: the Lagos State Employment Trust Fund (LSETF) runs standing loan programmes for businesses operating in Lagos, from ₦50,000 for market-level micro enterprises up to ₦5,000,000 for SMEs — at 9% per annum, far below commercial lending rates. Two LGA-specific schemes go as low as 5%. Here is the full menu and the exact document list.
| Product | Amount | Rate | Tenor |
|---|---|---|---|
| Micro Enterprise Loan | ₦50,000 – ₦500,000 | 9%/yr | 12 months |
| Micro Enterprise Start-Up Loan | ₦50,000 – ₦250,000 | 9%/yr | 12 months |
| SME Loan | ₦500,000 – ₦5,000,000 | 9%/yr | 24–36 months |
| Ojo LGA / Onigbongbo LCDA schemes | ₦50,000 – ₦200,000 | 5%/yr | 12 months |
Applications go through the official portal: loans.lsetf.ng. These are standing programmes rather than one-off windows, but funds are disbursed in cycles — a complete application submitted early in a cycle moves faster.
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