Lagos disburses N1.3bn to 11,386 households – Commissioner

Lagos State government has disbursed over N1,346,030,000.00 to 11,386 households through its bi-monthly Conditional Cash Transfer (CCT) programme.

The Lagos State Commissioner for Wealth Creation and Employment, Mr Akinyemi Ajigbotafe, said this at the 2024 Ministerial Briefing on Thursday at Bagauda Kaltho Press Centre, Alausa, Ikeja.

“We have 12 local governments that have benefitted from this programme and they are Apapa, Amuwo Odofin, Ajeromi-Ifelodun, Agege, Badagry, Epe, Ibeju-Lekki, Lagos Island, Shomolu, Ifako-Ijaye and Alimosho.

“The implementation of the CCT programme has contributed to the improved livelihood of beneficiaries through savings group mobilisation activities.

“Also the unit implemented the NG cares programme where transfer of N343,200,000 million was made to 2,145 beneficiaries in Eti-Osa, Kosofe, Mainland, Iru, Victoria Island, Agboyi -Ketu, Ikosi Isheri and Yaba,” he said.

Ajigbotafe reiterated the commitment of the Babajide Sanwo-Olu administration to wealth creation and employment for residents of the state.

“Under the visionary leadership of Gov. Sanwo-Olu, no stone is left unturned. Come July we’ll inaugurate our leather hub at Matori Mushin, a N4 billion leather industry in Lagos.

“We got our machine and equipment from Italy. This will create more employment for the good people of our dear state,” he said.

He also said Lagos State was particular about the growth and development of Micro, Small and Medium Enterprises (MSMEs), with the initiative to assist start-ups, artisans and entrepreneurs in the state.

“The MSME loan programme in 2023 disbursed N859 million to 1,271 MSMEs in the state.

“Also Lagos Care supported 1,425 MSMEs with grants worth N358 million across the three disbursement linked indicators, which are credit, operation and IT enhancement,” he said.

Lagos Care is a World Bank sponsored intervention designed to cushion the effect of COVID-19 pandemic.