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'.
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