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EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund - Politics - Nairaland

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EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by prof2007: 11:10pm On Oct 26, 2020
Lagos State Government has disclosed that over 2,220 business owners have applied to the Lagos State Employment Trust Fund (LSETF) for the recovery fund set up to help assist entrepreneurs resume operations after their organisations were attacked and looted by hoodlums last week.

Executive Secretary of LSETF, Mrs Teju Abisoye, announced the number of applications already received by her agency during an interview on Arise TV monitored by Business Post Monday morning. According to Mrs Abisoye, many small business owners in Lagos were rendered helpless as they suffered heavy losses because of attacks on their shops and warehouses. She said as a show of sympathy, Lagos State Government had to step in to help them in this trying period.

She noted that applications were still open and that over 2,200 small businesses had applied with many more expected to come in as many become aware of the initiative. Mrs Abisoye also said the agency will move round the state to also meet with those who may not have the time to apply for the assistance online, noting that members of staff of LSETF have already visited victims of the Fagba ethnic clash to get their details.

Business Post had reported that during attacks by hoodlums that lasted 2 days, several properties owned by government and private individuals were destroyed and burnt, leaving many vulnerable.Over the weekend, through LSETF, the state government pledged to help many business owners who were victims of lootings and vandalisation to get back on their feet.

The agency was established by the Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State. One of its aims is to tackle unemployment through job and wealth creation.

Speaking on how to register to access the facility, the LSETF Executive Director noted that they are expected to fill a document known as the Lagos State SME Recovery form which would make them eligible to the fund when it begins disbursement soon. She noted that applicants would be expected to provide their details, including the names, name of the business, the CAC registration number, physical and email addresses, pictures of the damage, location of the business, estimated amount of loss, number of employees and a few others.

Mrs Abisoye then called on relevant stakeholders including donors to help achieve this ultimate goal. She noted that they could make use of various avenues to reach out including the LSETF website and its social media channels.
https://businesspost.ng/economy/over-2200-owners-of-looted-businesses-apply-for-lagos-recovery-fund/amp/

2 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Nobody: 12:04am On Oct 27, 2020
angry

3 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by realstars: 12:19am On Oct 27, 2020
Ha
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by thebosstrevor1: 12:34am On Oct 27, 2020
Its so sad.

See what anarchists did.

Burn down a city all because of ideas

13 Likes 2 Shares

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by GamalNasser: 12:36am On Oct 27, 2020
Anarchy pays no one

10 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Benesis: 12:40am On Oct 27, 2020
2,200 businesses? Where will the money come from? 1 trillion plus money for 2,200 business
Lagos will take years to heal from this

18 Likes 3 Shares

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Okoroawusa: 12:47am On Oct 27, 2020
This is so painful...

1 Like

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Brooklynsouth(f): 1:46am On Oct 27, 2020
state sponsored vandalism ,Nigerian government is culpable in all these destructions and they know it only zombies think otherwise

9 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Paxxcarl(m): 4:37am On Oct 27, 2020
n
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Jestin: 4:38am On Oct 27, 2020
The entire country for burn self make we start a new Nigeria.

1 Like

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by GIANTPLUSHUB: 4:38am On Oct 27, 2020
Hmmmmm. They should scrutinize the applications. Lots of people might want to take advantage of the opportunity. Nice initiative from the government.

8 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by DenreleDave(m): 4:38am On Oct 27, 2020
See opportunist..... ... 2200 as in how

Person wey dem no even reach him shop go apply...

2200 businesses for lagos.... Wetin happen na...


I hope Govt really scrutinize them well.

The one at fagba even pain me so much.. I never knew it was fagba people dt stopped Hausas from their truck and stole their goat... This is so unfair, why use Endsars as an avenue for stealing Hausa people goat.....


23 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Yankee101: 4:38am On Oct 27, 2020
At least get some back
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by DMerciful(m): 4:39am On Oct 27, 2020
This is the more reason to find out who ordered the army to shoot protesters. The person that gave the order should pay for these including going to jail. If Bubu then ICC awaits him at the Hague

5 Likes 2 Shares

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by whytediamond(m): 4:39am On Oct 27, 2020
May God save Nigeria from evil rulers.
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by MikeMicheal(m): 4:39am On Oct 27, 2020
Some of those applications will be fake or loses exaggerated.
I trust Nigerians on that.

2 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Nobody: 4:40am On Oct 27, 2020
Anarchy in the land.

Walaitalai, this country don tire me I’m leaving this zoo

5 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Lexusgs430: 4:40am On Oct 27, 2020
Whatever happened to business insurance schemes ........... Oops, I forgot..........

They handed it over to Jesus, Mohammed & Sango.......
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by GIANTPLUSHUB: 4:40am On Oct 27, 2020
Lexusgs430:
Whatever happened to business insurance schemes ........... Oops, I forgot..........

They handed it over to Jesus, Mohammed & Sango.......

No boss. Heard most insurance policy doesn't cover civil unrest as it's only available at a premium. So, probably not affordable for most of them.

9 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by BeLookingIDIOT(m): 4:40am On Oct 27, 2020
It won't be well for the children of hate.
So this is how they choose to repay us for our hospitality and uplifting them out of their miserable condition.

2 Likes

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Lexusgs430: 4:41am On Oct 27, 2020
GIANTPLUSHUB:


No boss


So why are they not putting it through their insurance companies?......
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by gboyetade: 4:42am On Oct 27, 2020
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by alphaRego01(m): 4:42am On Oct 27, 2020
Rubbish.this people better stop all this politics and give this country better governance
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by DenreleDave(m): 4:42am On Oct 27, 2020
0KNM:
Anarchy in the land.

Walaitalai, this country don tire me I’m leaving this zoo

Copied
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by chaloskyx: 4:43am On Oct 27, 2020
IF YOU GIVE EACH AND EVERY OF THE 2200 BUSINESSES 100M EACH IT WOULD AMOUNT TO 220BN LAGOS WOULD BE LEFT WITH 780BN TO HANDLE REPAIRS SO IF SPENT WELL IT WOULD ACTUALLY GO A LONG WAY
Benesis:
2,200 businesses?
Where will the money come from?
1 trillion plus money for 2,200 business

Lagos will take years to heal from this

1 Like 1 Share

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by juman(m): 4:43am On Oct 27, 2020
The protesters turned to thieves.
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by ecolime(m): 4:43am On Oct 27, 2020
Jestin:
The entire country for burn self make we start a new Nigeria.
It is well with you bro.

May God heal Nigeria

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Nobody: 4:44am On Oct 27, 2020
DenreleDave:


Copied

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by gboyetade: 4:44am On Oct 27, 2020
Are there so much individuals affected?

I hope it will not be another avenue for govt officials / publics to exploit the system?
prof2007:

https://businesspost.ng/economy/over-2200-owners-of-looted-businesses-apply-for-lagos-recovery-fund/amp/

1 Like

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by GIANTPLUSHUB: 4:44am On Oct 27, 2020
Lexusgs430:



So why are they not putting it through their insurance companies?......

Heard most insurance policy doesn't cover civil unrest as it's only available at a premium. So, probably not affordable for most of them.
Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by Flier: 4:44am On Oct 27, 2020
Brooklynsouth:
state sponsored vandalism ,Nigerian government is culpable in all these destructions and they know it only zombies think otherwise
You are wrong! The protest went for too long and we warned them to suspend it but they won’t listen
For your info, Endsars protestors blocking the road especially highway invited the hoodlums
They had no choice after the road were blocked since the road is their only means of livelihood

9 Likes 2 Shares

Re: EndSARS Riots Aftermath: Over 2,200 Businesses Apply For Lagos Recovery Fund by DenreleDave(m): 4:46am On Oct 27, 2020
0KNM:





Back to sender in Jesus name grin grin grin grin grin grin

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