The Lagos State Security Trust Fund, LSSTF has received delegates from the Delta State Security Trust Fund, DSSTF who were in the state on a working visit.
The visiting team led by its Executive Secretary, Sam Osasa said it is in Lagos to understudy the activities of the LSSTF with a view to equipping its members with prerequisite knowledge on how to run DSSTF effectively and successfully as the LSSTF has done in Lagos.
Osasa noted that LSSTF has remained relevant and impactful even after seventeen years of existence and the success recorded by the Fund has made other Trust Funds seek to understudy it.
In his welcome address, Executive Secretary/CEO of LSSTF, Abdurrazaq Balogun expressed hope that the purpose of the working visit by the team from DSSTF would be achieved and replicated in their state.
He stated that the strongest feature and mainstay of the Fund is in its accountability and judicious use of resources both in its operations and security interventions to security agencies.
According to Balogun, LSSTF places major focus on maintenance and that is why its assets remain functional lasting up to twelve years and more.
”The LSSTF deliberately operates a lean workforce so as to ensure that the bulk of resources raised are targeted at security support to these agencies. The Fund also lays emphasis on training and retraining of security agencies especially in areas of communication and how to deal with members of the public.
”Another strong point and reason for the success recorded by the Fund was in the caliber of individuals appointed by the Governor of the State into the Board of Trustees of the Fund. They have been men of high repute who are accomplished in the private endeavors, influential and see the job as an opportunity to give back to the State, Balogun noted.”
The LSSTF boss added that these individuals are the fundraisers as they leverage on their position and industry to reach out to other colleagues and partners to raise funds to sustain the activities of LSSTF.
In the highlight of the visit, the LSSTF put together onsite training sessions on modalities for operating an effective Trust Fund, arranged visitations to some of the beneficiaries of the Fund, and a tour of a world-class, indigenous security equipment manufacturing company among others.
