Loan

Onigbongbo LCDA ME Loan Scheme

Lagos State Employment Trust Fund with Onigbongbo Local Council Development Area

Open. No closing date published. No fee to apply Last checked 5 Oct

At a glance

Deadline: Open. No closing date published.
Fee: No fee to apply
Who may apply: operating and resident in Lagos State, trading in Onigbongbo LCDA
running a business that has been trading for at least a year
Where: Onigbongbo Local Council Development Area, Lagos State, Nigeria

A loan you pay back: up to N200,000 at 5 per cent a year for a business trading in Onigbongbo, which covers Maryland and part of Ikeja. Half the interest of the state-wide LSETF micro loan for the same paperwork.

The facts

What you get: N50,000 to N200,000 at 5 per cent a year over 12 months with no moratorium. Equity contribution 5 per cent of the loan size.
Where: Onigbongbo Local Council Development Area, Lagos State, Nigeria
How long: 12 months
Share of the prize or equity they take: None taken in the business.

Where you stand

This one is free. There is no fee to apply, and nobody should ask you for money at any point.

What they ask for

operating and resident in Lagos State, trading in Onigbongbo LCDA
running a business that has been trading for at least a year
a LASSRA ID, a Lagos Internal Revenue Service tax ID, a government ID, a BVN and six months of bank statements

Get ready to apply

Built only from what this listing states. Tick as you go; the ticks stay on your phone and are not sent anywhere.

The application takes real work, by our reading.

1. What to get ready

Identity documentA clear photo of both sides, if it has two.

It also names something beyond these; read their words below.

In their words: “LASSRA ID, Tax ID (LIRS), valid government issued identity card, Bank Verification Number, 2 passport photographs, 6 months bank statement, and a business in existence for at least one year.”

2. Dates

No closing date is stated.
Openings with no closing date can close once they have enough people, so sooner is safer. Our advice
On the date, the listing says: No closing date is printed. The public LSETF page still lists this scheme with an apply link. The loan portal needs a login, so we could not see whether it is taking applications now.

Download checklist (.txt) Send to WhatsApp

The download is a small text file. You can read it later without data. It also lists each condition they set, so you can tick yourself against them. WhatsApp sends the same list to you, or to somebody helping you.

No CV yet? Make a plain one from your answers. Nothing you type is kept.

Tips for applying for a loan

General advice from us, the same for every loan. It is not what this organisation says; that is above.

Find the repayment terms first: the interest, the fees, how long you have, and what happens if you pay late.
Work out the monthly amount and check you could pay it from what you earn.
Check who is lending. A real lender never asks you to pay before you receive the money.

If there is an interview or a test

Be ready to show your numbers: what you earn, what you spend, what the money is for.

All our tips and messages to copy. Practise answering, with nothing kept. Received an offer? Check whether it is real, then read before you say yes.

How to apply

Several listings link to this page. Look for "Onigbongbo LCDA ME Loan Scheme" from Lagos State Employment Trust Fund with Onigbongbo Local Council Development Area.

You apply on Lagos State Employment Trust Fund with Onigbongbo Local Council Development Area's own website, not here. We never send an application for anybody and we never ask you for anything to pass on. Check their page for anything not shown here.

Go to the application

How we checked this

This was opened and verified at Lagos State Employment Trust Fund with Onigbongbo Local Council Development Area's own website on 5 October 2026: it was real, still open, and open to people from African countries. If anything here is wrong, tell us.