Highlight

Tinubu’s N200bln intervention fund seeks to eradicate poverty in Nigeria – Gov. Sani

"This massive presidential initiative is proof that President Tinubu is a listening leader"

257

Governor Uba Sani of Kaduna State has said that President Bola Tinubu is committed to wiping out poverty in Nigeria through the N200 billion Presidential Intervention Fund and Loans Scheme for Small, Medium, and Micro Enterprises (MSMEs).

This initiative, launched in collaboration with the Bank of Industry, aims to empower local entrepreneurs and boost Nigeria’s economy.

At a town hall meeting and sensitization event in Kaduna on Tuesday, Sani said that the fund, comprising the Presidential Conditional Grant Scheme and loan options for MSMEs, will revitalize small businesses and manufacturing enterprises.

This, in turn, will significantly benefit both sub-national economies and Nigeria as a whole.

Represented by his Special Adviser on Economic Matters, Ibrahim Muhammad, Sani applauded Tinubu’s leadership, calling the initiative a demonstration of his commitment to addressing poverty.

He said: “This massive presidential initiative is proof that President Tinubu is a listening leader.

“Through these stimulus packages, small businesses and manufacturing enterprises will be revitalized, significantly benefiting both sub-national economies and Nigeria as a whole.”

The governor also highlighted the crucial role MSMEs play in driving job creation, innovation, and economic resilience.

Kaduna State’s government has pledged to create a supportive environment for businesses, aligning with the federal government’s efforts.

Sani urged stakeholders to spread awareness of the initiative to maximize its impact.

Beneficiaries of the grant shared their success stories at the event. Caroline Bala, who received financial assistance, started a thriving soya milk business after losing her previous job.

She now earns between N10,000 and N15,000 daily and urged the organizers to sustain the initiative.

Mr. Albert Ibrahim, another beneficiary, utilized the grant to purchase herbicides for his farm, resulting in a bumper harvest.

Summayya Ibrahim thanked the government for the support and looked forward to more assistance to enable wider outreach to aspiring entrepreneurs.

Muktar Aliyu, a cartoonist, used his grant to purchase specialized software, greatly impacting his career. He expressed appreciation for the scheme, acknowledging its significant impact.

Joy Oghiadomhe of the Bank of Industry outlined the eligibility criteria for both the grant and loan schemes.

The administration’s focus on MSMEs as a key sector for development aims to tackle economic challenges.

Over 100 beneficiaries in Kaduna have received grants under this initiative, according to the News Agency of Nigeria.

Leave a comment

Related Articles

Carjacking in FCT: Police recover Land Cruiser Prado after high-speed hot chase

In a swift response to a distress call, the Federal Capital Territory...

Just in: Abuja Court remands 109 alleged foreign hackers in prison

No fewer than 109 alleged foreign hackers, including females who attempted to...

Lagos, Abuja airports receive full NCAA certification

Murtala Muhammed International Airport (MMIA), Lagos, and the Nnamdi Azikiwe International Airport...

Day 3 of African Military Games: Nigerian Armed Forces Shine, Win 17 Medals

The Nigerian Armed Forces have made a remarkable impact at the ongoing...

FG raises N346bln at Nov. 2024 bond auction, reflecting strong investor interest

The Federal Government has successfully raised N346.155 billion at its November 2024...

Breaking: Supreme Court Nullifies National Lottery Act

The Supreme Court on Friday nullified the National Lottery Act 2005 enacted...

NNPC Ltd. hosts NSC boss, pledges support for revitalization of Nigerian football

In a significant move to boost Nigerian football, the Nigerian National Petroleum...

Nigerian youths essential to repositioning Africa, says VP Shettima

Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth...

Just in: Simon Ekpa ‘ll be extradited to Nigeria to face charges – Defence Headquarters

The Nigerian Defence Headquarters, Abuja, has announced plans to extradite Simon Ekpa,...

NPA’s CEO Dantsoho Makes History as First Nigerian Chairman of PMAWCA

In a groundbreaking achievement, Dr. Abubakar Dantsoho, Managing Director of the Nigerian...

Save for rainy day, Federal Accountant General urges state govts, emphasizes transparency, accountability

In a bid to ensure financial stability during adverse situations and economic...

Sacked UNIZIK VC Odoh to Tinubu: You can’t fire me through press release

Sacked Vice-Chancellor of Nnamdi Azikiwe University (UNIZIK), in Awka, Anambra State, Prof....

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

Olopade assumes office as NSC DG, promises new lease of life for Nigerian sports

Bukola Olopade had assumed office as the Director General of the resuscitated...

Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms

International Monetary Fund (IMF) President Kristalina Georgieva and her team met with...

Nigeria’s Super Falcons Ajibade, Nnadozie, Nominated for 2024 CAF Women’s Player of the Year

The Confederation of African Football (CAF) has announced the nominees for the...

Just in: FG announces reshuffle of governing councils at FUOYE, Kogi varsity

The Federal Government has made changes to the governing councils of Federal...

Exclusive: Eguavoen Opens Up on Declining NFF Contract Extension, Reveals Reasons

Super Eagles Coach, Austin Eguavoen, has revealed why he declined the Nigeria...

Boost for Nigeria’s Oil Production As NNPC’s Utapate Crude Grade Hits Global Oil Market

In a major boost for Nigeria’s crude oil production, revenue generation, and...

Just in: FG sacks varsity Pro-Chancellor for misconduct

The Minister of Education, Dr. Tunji Alausa, has announced the removal of...