Governor Babajide Sanwo-Olu of Lagos State revealed that the Lagos State Employment Trust Fund (LSETF) has generated over 221,000 direct and indirect jobs since its inception. He made this statement during a keynote address on Wednesday, July 3, 2024, at the Lagos Employment Summit organized by the LSETF.
According to Sanwo-Olu, the LSETF has also facilitated more than 83,000 access-to-market opportunities and trained over 18,000 young people in industry-relevant skills.
“Today, at the Lagos Employment Summit organized by the Lagos State Employment Trust Fund, I spoke on our journey toward sustainable job creation and economic growth in Lagos State. Over the past year, we have made significant strides in improving the employment landscape. Our unemployment rate has seen significant positive change, thanks to various initiatives and policies aimed at creating jobs and empowering our youth.”
Sanwo-Olu emphasized the LSETF’s substantial contributions to employment opportunities since its inception. “LSETF is a key element of our job creation strategy. The fund has generated over 221,000 direct and indirect jobs, facilitated more than 83,000 access-to-market opportunities, and trained over 18,000 young people in industry-relevant skills.”
In addition, the Governor launched the Labour Market Information System (LMIS), a platform designed to boost job creation.
“Today, we also launched the Labour Market Information System (LMIS), a platform designed to enhance job creation and improve the job market in Lagos State. As we move forward, it is imperative that we continue to unite our efforts. I call on all stakeholders – government agencies, the private sector, civil society, and international partners – to join hands with us in this mission. Together, we can create more opportunities, foster greater collaboration, and drive the transformative change that Lagos needs.”
Sanwo-Olu’s announcements underscore the ongoing commitment of Lagos State to job creation and economic empowerment, highlighting the significant impact of the LSETF and the new LMIS platform in these efforts.
