Written by 8:17 am Business, News Views: 14

#EndSARS: LSETF Offers Support For Businesses Affected By Protests

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The Lagos State Employment Trust Fund (LSETF) has offered to help Nigerians whose shops were looted or vandalised during the violent protests that rocked the state.

Different shops were looted while others were set ablaze as hoodlums hijacked the #EndSARS protests.

Some of the businesses affected are Spar Nigeria, Shoprite, malls, private warehouses, Shekina Pharmacy, amongst others.

Nigerian youths had taken to the streets to protest against police brutality in the country.

However, after two weeks of such, some criminal elements joined, and the protests took a new turn.

On Tuesday, October 20, Governor Babajide Sanwo-Olu declared a 24-hour curfew in Lagos State.

ALSO READ: #EndSARS: Service Providers Might Lose Subscribers Amidst Ongoing Protests

According to him, the reason was to prevent anarchy.

Prior to the declaration of the curfew, hoodlums had attacked a police station, LG Secretariat and other government properties.

However, things got worse on Tuesday night when men of the Nigerian Army shot and killed peaceful protesters at the Lekki Toll Gate.

This led to further destruction.

Among such was the vandalisation of the Palace of the Oba of Lagos, Ridwan Akiolu.

TVC, the Nation Newspaper, BRT Buses and others came under attack as well.


The LSETF was set up to create jobs and tackle unemployment by providing skills development and entrepreneurship opportunities for Lagos residents.

It was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State.

LSETF focuses on promoting entrepreneurship by improving access to finance, strengthening the institutional capacity of MSMEs.

Additionally, it also focuses on formulating policies designed to improve the business environment in Lagos State.

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