Ambode also called on Nigerians to support people living with disabilities.
He said the fund would help provide a level playing field for physically challenged people who find it difficult to get by daily.
Ambode announced this at Lagos House, while celebrating his first year in office, at an event tagged: Celebrating Ability in Disability.
The Governor said “This Fund is for the advancement of the course of persons living with disability.
“I call on individuals, corporate organisations, Non-Governmental Agencies and other stakeholders to support the fund so that they can maximise the abilities in the disabilities of our fellow compatriots.”
Ambode also called on Nigerians to support people living with disabilities, adding that “All they require is care, support and opportunities to live a fulfilled and productive life.”
He also said “I urge those who have not registered to do so without further delay
“The certificate issued will entitle you to some rights and privileges.”
The Lagos Governor also said the government will reserve one percent of the job vacancies in the state for people living with disabilities.