The intervention fund, which targets over 2,000 private schools, was formally launched by Governor Babajide Sanwo-Olu on Friday at a ceremony held at the State House, Alausa, Ikeja.
Speaking at the ceremony, Sanwo-Olu said the intervention was part of the State Government’s sustainable solutions to limit the socio-economic impact of the COVID-19 pandemic on both residents and businesses. “With access to low-cost funding for privately owned schools and vocational training centres in the state, we are confident that this programme will help accelerate sustainable and painless return to world-class learning and skills acquisition of our young population. As a responsible Government, we are obligated to provide intervention that would enable learners in these schools’ study in line with the new normal.
Chairperson, LSETF Board of Trustees, Mrs. Bola Adesola, represented by Mrs. Tatiana Mousali-Nouri, said schools that have a minimum of 100 students and have been in operation for, at least, a year are the ones qualified for the loan facility. He praised the State Government’s efforts towards suppressing the burden caused by the COVID-19 pandemic on the education, saying Lagos Government had scored another first.