The Lagos State Employment Trust Fund (LSETF) has presented a social impact assessment report of its entrepreneurship programmes the the public.
The Impact Assessment Exercise carried out with support from Ford Foundation, measured the achievements of the Fund’s interventions, documented the lessons learnt, and made recommendations on how to enhance the Fund’s performance in future.
Commenting on the report, its Executive Secretary Mr. Akintunde Oyebode said; “I am very pleased that Ford Foundation partnered with us to carry out this independent assessment of the impact of the LSETF initiative and its operations. The outcome has been very insightful and has thrown up indicators to areas that need improvement. At LSETF, we believe it is important to measure impact, to ensure we improve the benefit received from the public and private capital entrusted to us. By providing this body of work, we also hope that other institutions within and outside Nigeria, learn from our experience, and are able to design even better programmes to put people in jobs.”
In his remarks at the forum, the Regional Director, Ford Foundation, Mr. Innocent Chukwuma said; “It is impressive that the LSETF as an agency of the government has done a laudable job even in the face of growing scepticism of the impact of special programmes by the government to solve social problems. It is important that an agency created few years ago has decided to embark on what is usually not the norm, to check how it has performed and the lessons learnt in order to make future plans. This should be a model for other states and government agencies across the federation”.
A panel organised to review the report by development experts comprising one of Nigeria’s leading Economists and the CEO, Kainos Edge Consulting Limited, Dr. Doyin Salami; Group Chief, Sustainability and Governance, Dangote, Dr. Ndidi Nnoli-Edozien, and Founding Partner, Ventures Platform, Mr. Kola Aina, also shared insight on aspects of the study.
In his remarks, Salami lauded the LSETF on the assessment report and impact made so far saying; “The numbers are great. The next phase should focus on building sustainability and partnerships to support and expand LSETF programmes.”