21/08/2026
IGBOGBO/BAIYEKU OPENS REGISTRATION FOR LSETF BUSINESS LOANS UP TO ₦5M
📰 IKORODU BUSINESS & COMMUNITY NEWS
Business owners and aspiring entrepreneurs in Igbogbo/Baiyeku LCDA can now register for LSETF-backed business financing ranging from ₦50,000 to ₦5 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.
💰 Three loan categories are available:
STARTUP LOAN
₦50,000 – ₦250,000
For residents looking to start a new business.
MICRO ENTERPRISE LOAN
₦50,000 – ₦500,000
For existing small businesses seeking additional capital.
SME LOAN
₦501,000 – ₦5,000,000
For registered businesses looking to scale.
CAC registration is required.
📋 Standard documents include:
• NIN printout
• BVN
• Valid commercial bank ATM card
• Active email address
• Six-month bank statement
• Passport photograph
• LASRRA
• Guarantor
Additional documentation is required for applicants seeking the SME category, including CAC documents, TIN, tax receipt and a corporate bank account.
📍 Registration: Igbogbo/Baiyeku LCDA Secretariat
📅 Started: Wednesday, August 19, 2026
💰 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:
📞 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.