Tinubu intervention funds boosting small businesses – APC chair

President Bola Tinubu's administration is actively supporting small businesses and entrepreneurs through various intervention programs, according to Prof. Nentawe Yilwatda, the National Chairman of the All Progressives Congress (APC).

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The intervention funds demonstrated the administration’s commitment to fulfilling its campaign promises under the Renewed Hope Agenda.

In a statement, Yilwatda highlighted that these initiatives are expanding access to finance, a critical constraint for micro, small, and medium-sized enterprises (MSMEs) that play a vital role in job creation and economic growth. He cited the N75 billion Presidential Intervention Fund for MSMEs and an N11 billion support package from the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) as key examples designed to help businesses expand operations and create employment.

Further demonstrating the administration's commitment to its "Renewed Hope Agenda" campaign promises, Yilwatda also pointed to the N30 billion Youth Entrepreneurship Fund managed by the Niger Delta Development Commission. This fund specifically targets young entrepreneurs, providing them with financial support to develop their businesses.

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Access to affordable financing has remained one of the biggest constraints facing micro, small and medium-sized enterprises, despite their role in job creation and economic growth.

The APC chairman asserted that beneficiaries, including artisans, farmers, traders, and manufacturers, are utilizing these funds to grow their ventures and generate jobs. He believes these interventions will yield broader economic benefits, such as increased productivity, higher household incomes, and stimulated local economies. Yilwatda reaffirmed the party's dedication to fostering entrepreneurship, attracting investment, strengthening domestic industries, and promoting sustainable economic growth.

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The APC remains committed to building an economy that works for all Nigerians. These intervention funds are not mere policy announcements; they are practical investments in the dreams and aspirations of millions of our people.