Lagos Govt Disburses N1.9bn Loans, Grants to MSMEs in 2025

The Lagos State Government says it disbursed approximately N1.9 billion in loans and grants to Micro, Small, and Medium Enterprises across the state in 2025.

The Commissioner for Wealth Creation and Employment, Akinyemi Ajigbotafe, disclosed this on Thursday during the 2026 Ministerial Press Briefing at Alausa, Ikeja.

According to the commissioner, the funds were disbursed through the Lagos State Employment Trust Fund as part of efforts to stimulate economic growth, reduce unemployment, and strengthen entrepreneurship.

Ajigbotafe explained that affordable loans worth N1.91 billion were given to 4,036 MSMEs, while grants exceeding N23 million were provided to 65 businesses to support expansion and operations.

He stated that the state government remains committed to empowering entrepreneurs under the T.H.E.M.E.S Plus Development Agenda of Governor Babajide Sanwo-Olu’s administration.

The commissioner also noted that the ministry prioritised inclusivity by training 1,050 Persons With Disabilities in entrepreneurship and providing them with start-up tools over the past 18 months.

Additionally, 200 unemployed youths were trained in Full-Stack Web Development and Data Analysis, with each given a laptop.

On employment, the Lagos State Graduate Internship Placement Programme has so far impacted over 6,500 graduates across the five divisions of the state. About 2,500 graduates were placed during the 2024 cycle, which ended in 2025.

Each intern receives a monthly stipend of N60,000 during the three-month paid internship period, following a three-week employability training.