Lagos State government, said that 10,000 business owners affected by the wanton destruction of properties during the #EndSARS protest were given N939.98 million support fund to recover their losses.
This came on Wednesday when Governor Babajide Sanwo-Olu inaugurated a 9-member committee on film production empowerment, an intervention project to revitalise the entertainment and tourism sectors in the state.
Speaking during the ministerial press briefing to commemorate the second anniversary of the Babajide Sanwo-Olu administration in office, the Commissioner for Wealth Creation and Employment, Mrs. Yetunde Arobieke, said: “The MSME Recovery Fund was set up to support businesses in Lagos State whose properties and assets were vandalized post #EndSARS protests that rocked the nation in October 2020. With funding from the Lagos State Government, corporate organizations and private individuals, businesses were supported with grant sums ranging from N50,000 to N5,000,000, to beneficiaries to rebuild their businesses.
“About N939.98 million (approximately $2.47million) were disbursed to 1835 beneficiaries, and 10,005 direct jobs and 40,020 indirect jobs saved.”Follow us on social media