Apply Now for the Lagos State Employment Trust Fund (LSETF) MSME Loan Program and Access up to N5 Million


Are you an entrepreneur in Lagos State looking for funding to take your business to the next level? Do you want to access up to N5 million at a low interest rate and flexible repayment terms? If yes, then you should apply for the Lagos State Employment Trust Fund (LSETF) MSME Loan Program.

The LSETF MSME Loan Program is a scheme designed by the Lagos State Government to support micro, small, and medium enterprises (MSMEs) in the state with affordable and accessible loans. The program aims to create jobs, wealth, and economic opportunities for Lagos residents.

The LSETF MSME Loan Program offers loans ranging from N500,000 to N5 million, depending on the size and needs of your business. The interest rate is 9% per annum, and the repayment period is up to 36 months. You can use the loan for various purposes, such as working capital, inventory, equipment, expansion, or innovation.

To be eligible for the LSETF MSME Loan Program, you must meet the following criteria:

  • You must be a resident of Lagos State, with a valid Lagos State Residents Registration Agency (LASRRA) card.
  • You must have a registered business or a business name certificate.
  • You must have a valid Tax Identification Number (TIN).
  • You must have a clear business plan or statement of how much you need and what you need it for.
  • You must have a guarantor who is either a recognized community leader or a civil servant of grade level 12 and above.

How to Apply

To apply for the LSETF MSME Loan Program, you need to follow these steps:

  • Visit the LSETF website at lsetf.ng and click on the “MSME Loan Programme” tab.
  • Fill out the online application form with your personal and business details.
  • Upload the required documents, such as your LASRRA card, TIN, business registration certificate, and passport photograph.
  • Submit your application and wait for feedback from LSETF.

If your application is successful, you will be invited for an interview and a training session. After that, you will receive a loan offer letter and a disbursement notification. You can then access your loan through your bank account or a mobile wallet.


Here are some frequently asked questions about the LSETF MSME Loan Program:

  • Q: How long does it take to process my application?
  • A: It takes about 10 working days to process your application, if you provide all the necessary information and documents.
  • Q: What are the risks involved in taking this loan?
  • A: The risks are minimal, as the loan is backed by the Lagos State Government. However, you should be aware that defaulting on your loan repayment will affect your credit rating and your ability to access other financial services. You may also face legal action from LSETF if you fail to repay your loan.
  • Q: Can I apply for more than one loan at a time?
  • A: No, you can only apply for one loan at a time. You can only apply for another loan after you have fully repaid your existing loan.
  • Q: How can I contact LSETF for more information or complaints?
  • A: You can contact LSETF through any of the following channels:
    • Phone: 01-7000969, 01-4489342
    • Email: [email protected]
    • Address: 16 Billings Way Road, Lagos, Ogun
    • Social media: Facebook, Twitter, Instagram, LinkedIn, YouTube