Tinubu's intervention funds deliver economic benefits, says APC chairman

Professor Nentawe Yilwatda, National Chairman of the All Progressives Congress (APC), stated that President Bola Tinubu's administration's intervention programs are yielding significant economic advantages for millions of Nigerians. These initiatives focus on supporting entrepreneurship, small businesses, and youth empowerment.

Yilwatda emphasized that the Presidential Intervention Funds embody the administration's commitment to its "Renewed Hope Agenda" campaign promises. Through strategic investments, the government aims to stimulate enterprise, generate employment, and foster broader economic inclusion. He noted that access to affordable financing, a major hurdle for Micro, Small, and Medium Enterprises (MSMEs), has been directly addressed by the administration's targeted programs.

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The Tinubu administration understands that sustainable economic growth begins with empowering the productive sector. By supporting small businesses and young entrepreneurs, government is laying the foundation for long-term prosperity and shared economic progress.

Key initiatives mentioned include the ₦75 billion Presidential Intervention Fund for MSMEs, designed to provide accessible financing across various economic sectors. Additionally, an ₦11 billion support package is being implemented through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to enhance the capacity and competitiveness of these businesses. The APC chairman also pointed to the ₦30 billion Youth Entrepreneurship Fund, managed by the Niger Delta Development Commission (NDDC), as evidence of the administration's dedication to equipping young Nigerians with resources for business development.

Yilwatda asserted that these programs are already improving the lives of entrepreneurs, artisans, farmers, traders, and manufacturers by providing capital for expansion and job creation. He believes these efforts are stimulating local economies through increased productivity, higher incomes, and greater wealth creation opportunities, framing them as practical investments in the aspirations of Nigerians.

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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.