Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday appointed a former Chairman of the Federal Inland Revenue Service, Mrs. Ifueko Omoigui-Okauru to head the Board of Trustees for the N25billion State Employment Trust Fund (ETF).
He also approved the appointment of nine others to serve as members of the Board of Trustees of the ETF, which is geared towards addressing the challenge of youth unemployment as well as promote wealth creation through entrepreneurial development in the state.
Other members of the Board include Mr. Dele Martins, Mrs. Bilikis Adebiyi-Abiola, Mr. Otto Orondaam, Mrs. Olufunmi Olatunde Daudu, Mr. Tunde Bank-Anthony and Mr. Michael Popoola Ajayi.
Ambode also approved for the Commissioner for Wealth Creation, Mr. Tunde Durosinmi-Etti and his counterpart in Ministry of Finance, Dr. Mustapha Akinkunmi to be part of the Board, while Mr. Akintunde Oyebode is to serve as Executive Secretary of the Board.
The Employment Trust Fund was signed into law by Governor Ambode on Tuesday.
He said the policy was was in line with keeping faith with the promise he made to the people during the electioneering campaign.
The Governor had expressed optimism that the Fund will address the challenge of unemployment and promote wealth creation through entrepreneurial development, adding that an annual contribution of N6.25billion will be injected into the Fund by the State Government for 4 years totalling N25billion.