Photos: Today, 705 beneficiaries received close to N1bn from the Lagos State ETF - Ambode

The Lagos State governor, Akinwunmi Ambode has just taken to social media to share photos and announce that 'today, 705 beneficiaries received various amounts of money ranging from N50,000 to N5,000,000 totaling almost N1bn from the Lagos State Employment Trust Fund'.

 

He continues to say, 'These loans have been provided at a very affordable rate of 5% per annum, cheaper than the prevailing bank interest rates. This is our modest way of reflating the Lagos economy, creating jobs and getting our youths gainfully occupied'.