Lagos State government on Wednesday said it has earmarked N1 billion grant to the hospitality industry in the state as part of COVID-19 bailout for the sector. Governor Babajide Sanwo-Olu disclosed this during the 6th edition of the Lagos State Corporate Assembly, tagged “BOS Meets Business” held simultaneously at the two banquet halls at the Lagos House, Alausa, Ikeja, saying the fund would be accessed through the Lagos State Employment Trust Fund, (LSETF). The governor, while responding to requests made by members of the business community, listed measures already being implemented to ensure a business-friendly environment. Lola Akande explained that all the issues raised during previous meetings had been resolved by the relevant government ministries and agencies. Representatives of the Organised Private Sector (OPS), who attended the interactive meeting which was the first to be held by the Sanwo-Olu administration, commended the state government for continuing with the meeting.

Source: Nigerian Tribune July 29, 2020 19:30 UTC