In response to the economic challenges being experienced by all tourism, hospitality and creative arts businesses as a result of the Covid-19 Pandemic. 

The Lagos State Government through the intervention of the Ministry of Tourism, Arts and Culture has made available credit funding domiciled with Lagos State Employment Trust Fund (LSTETF) in support of the recovery and revitalization of the sector in Lagos State.

The Lagos State Ministry of Tourism, Arts and Culture say it has designed a palliative eligibility form, to take in the applications of qualified practitioners for its one billion naira seed capital investment in the Hospitality, Tourism and Entertainment sector.

Eligibility

To be considered eligible for the seed capital, all interested practitioners must meet/have the under-listed requirements and documents:

  • Must be a resident of Lagos State (LASSRA).
  • Business must be within the creative Arts, Tourism and Hospitality sector.
  • Business must be registered with the Lagos State Ministry of Tourism, Arts and Culture.
  • Business must be operational for at least One (1) year.
  • For Term Loan and Hub Loans/Production Loans within the SME category, the business must be registered with CAC.
  • Must provide Guarantors with a sizable income: Two (2) Guarantors for Term and Hub loans/Production loans within the SME category. One (1) of the Two (2) Guarantors must be an Association and One (1) Guarantor for Term Loans within the ME category.
  • Evidence of Tax Compliance.
  • For hub Loans/Production Loans; Business must operate a hub, incubator or similar facility that supports capacity development of emerging/existing talent with the Arts, Tourism and Hospitality sectors in Lagos State.
  • For Production Loan; Business/Promoters must already have some experience producing work that has been in at least local cinemas.
  • Two photographs.

Voucher programme:

  • Must be a resident of Lagos State (LASSRA).
  • Business must be within the Arts, Tourism and Hospitality Sector.
  • Business must be registered with the Lagos State Ministry of Tourism, Arts and Culture.
  • Business must be registered with the CAC for voucher value above 500,000.

How to Apply

All interested practitioners should start with the first stage by filling the online application form for eligibility code. Visit the website at http://tsp.lagosstate.gov.ng/ 

For more information, interested and qualified practitioners to visit the Hotel and Licensing department of the Ministry of Tourism, Arts and Culture at Block 10, Secretariat, Alausa, Ikeja for further clarifications and any other assistance or call 08023320906.

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