We’ve spent N1.7b to empower entrepreneurs – Ambode

EKOCITY MAGAZINE – Lagos State Governor, Mr. Akinwunmi Ambode, on Wednesday, said N1.7 billion had been disbursed to 1,400 young entrepreneurs to finance their innovative ideas and projects, with the aim to create jobs and generate wealth to sustain the state’s economy.

Ambode said his government would continue to create the enabling environment for youth innovation to thrive, adding that his administration’s partnership with private sector to drive job creation would be sustained.

The Governor, who was represented by the Commissioner for Wealth Creation and Employment, Mr. Babatunde Durosinmi-Etti, at the induction of the 2016 Class of Carrington Youth Fellowship Initiative (CYFI) in Ikoyi said the N25 billion Employment Trust Fund (ETF) created by the State is projected to create more than 100,000 entrepreneurs in the next four years.

“We are committed to ensuring that the Employment Trust Fund scheme is sustained until every youth on the street of Lagos becomes economically independent and creates values that would make them self-reliant,” Ambode said.

Carrington Youth Fellowship Initiative (CYFI) is one-year social innovation and leadership training programme named after former U.S. Ambassador to Nigeria, Mr. Walter Carrington. It started in 2011 to equip the youth with leadership skills and breed young generation of social innovators.

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