Tinubu's Intervention Funds Boost Small Businesses in Nigeria

Abimbola Yilwatda, the All Progressives Congress chairman, stated that the intervention funds introduced by President Bola Tinubu are significantly boosting small businesses in Nigeria. This initiative aims to expand access to finance for entrepreneurs and promote youth empowerment.

In a statement issued on Tuesday, Yilwatda emphasized that the administration is committed to fulfilling its campaign promises through the Renewed Hope Agenda, addressing the financial constraints faced by micro, small, and medium-sized enterprises (MSMEs). He cited the N75 billion presidential intervention fund aimed at providing financial access to small businesses, which will help them expand operations and create employment opportunities.

Additionally, he mentioned an N11 billion support package from the Small and Medium Enterprises Development Agency of Nigeria designed to strengthen the competitiveness of small businesses. Yilwatda also referenced a N30 billion youth entrepreneurship fund managed by the Niger Delta Development Commission, intended to provide financial support to young entrepreneurs.

The APC remains committed to building the economy and investing in the aspirations of millions of Nigerians.