By Ayomide Otitoju
Ecobank Nigeria, a subsidiary of the leading pan-African banking group, has entered into a strategic partnership with the Lagos State Employment Trust Fund (LSETF) to empower Micro, Small, and Medium Enterprises (MSMEs) across Lagos through capacity building, market access, and enterprise development initiatives.
The collaboration aims to strengthen small businesses, promote entrepreneurship, and accelerate job creation as part of broader efforts to reduce unemployment and drive inclusive economic growth in the state.
Under the partnership, Ecobank will provide MSMEs with access to business advisory services, digital tools, networking platforms, and cross-border market opportunities through the Ecobank Single Market Trade Hub. The initiative will also feature SME-focused events, training programmes, and knowledge-sharing sessions designed to help Lagos entrepreneurs improve business structures, governance, and long-term sustainability.
Speaking on the partnership, Omoboye Odu, Head of SME Banking at Ecobank Nigeria, described the initiative as a shared commitment to building a stronger entrepreneurship ecosystem.
“We are delighted to partner with LSETF on this impactful journey. MSMEs are the engine of our economy, but many require structure, skills, and market access to thrive. Our focus is to equip entrepreneurs with the right knowledge, networks, and digital solutions to help them grow sustainably,” she said.
Also commenting, Oyeronke Ibidapo-Obe, Head of Agency Banking and Third-Party Partnerships at Ecobank, emphasized the long-term value of the collaboration. “This partnership creates a solid framework for enterprise development in Lagos. By combining capacity building, mentoring, digital enablement, and market access, we are laying the foundation for scalable businesses that can compete locally and internationally,” she stated.
Executive Secretary/CEO of LSETF, Mrs. Feyisayo Alayande, expressed optimism about the initiative, noting that it aligns with the Fund’s mission to enable Lagos residents to become economically active and self-sufficient.
“This partnership is another step forward in our commitment to helping small businesses in Lagos reach their full potential. We are excited about what this collaboration means for our beneficiaries and for Lagos as a whole, as we build stronger enterprises, create jobs, and promote an inclusive economy that works for everyone,” she added.
