21/08/2026
IGBOGBO/BAIYEKU OPENS REGISTRATION FOR LSETF BUSINESS LOANS UP TO โฆ5M
๐ฐ IKORODU BUSINESS & COMMUNITY NEWS
Business owners and aspiring entrepreneurs in Igbogbo/Baiyeku LCDA can now register for LSETF-backed business financing ranging from โฆ50,000 to โฆ5 million.
The registration, being facilitated by Igbogbo/Baiyeku LCDA in partnership with the Lagos State Employment Trust Fund (LSETF), began on Wednesday, August 19, 2026, at the Council Secretariat.
๐ฐ Three loan categories are available:
STARTUP LOAN
โฆ50,000 โ โฆ250,000
For residents looking to start a new business.
MICRO ENTERPRISE LOAN
โฆ50,000 โ โฆ500,000
For existing small businesses seeking additional capital.
SME LOAN
โฆ501,000 โ โฆ5,000,000
For registered businesses looking to scale.
CAC registration is required.
๐ Standard documents include:
โข NIN printout
โข BVN
โข Valid commercial bank ATM card
โข Active email address
โข Six-month bank statement
โข Passport photograph
โข LASRRA
โข Guarantor
Additional documentation is required for applicants seeking the SME category, including CAC documents, TIN, tax receipt and a corporate bank account.
๐ Registration: Igbogbo/Baiyeku LCDA Secretariat
๐
Started: Wednesday, August 19, 2026
๐ฐ Application fee: FREE
The council says the programme is aimed at helping residents start businesses, expand existing enterprises and create sustainable livelihoods.
For enquiries, residents can contact Hon. Olawale Ipaye, Special Adviser to the Executive Chairman on Social Services:
๐ 0706 338 2283
Important: Applicants should go to the council with the required original documents or certified copies and confirm their eligibility and registration process directly with the council.