The Ministry has been consistent in
the area of poverty reduction and alleviation. As part of its efforts to reduce
poverty to Zero level in the state through the department and Lagos State
Micro-Finance Institution partnered with eight approved micro finance banks to
disburse micro credit loans to active poor in the state.
In order to reduce poverty in the
state, the Ministry has signed memorandum of understanding (MOU) with coca cola
company plc to roll out 2000 Iconic Kiosks that will be distributed to Women,
Men and Youths in the state. This is a special branded multi-purpose Kiosks
that will solve the problem of paucity of conventional shops in the state.
One of the land marks of our poverty
reduction programme is the purchase of 250 new yellow cabs first phase and
another 250 for the second phase for the Association of Lagos State Taxi Driver
and Cab Operators. The project was initiated and executed by the Ministry
through Lagos State Micro Finance Institution and this has created employment
for over 4,000 men in the state In addition to existing five partnering
Microfinance Banks, His Excellency had approved the inclusion of three
additional Microfinance Banks for wider coverage and service delivery to the
good people of Lagos State.