The 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, 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 a 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.
Mr Ajigbotafe reiterated Governor Babajide Sanwo-Olu’s administration’s commitment to creating wealth and employment for the state’s residents.
“Under Governor Sanwo-Olu’s visionary leadership, no stone is left unturned. In 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 the COVID-19 pandemic.
However, the commissioner failed to explain how the beneficiaries of the aforementioned disbursements qualified and were selected to receive the funds.
