President Bola Tinubu has announced the establishment of a N200 billion intervention fund to support Micro, Small, and Medium Enterprises (MSMEs) and manufacturers in Nigeria.
The fund is designed to help these businesses overcome structural challenges and enhance their competitiveness. This was disclosed at the 31st Nigerian Economic Summit in Abuja, where Vice President Kashim Shettima represented the President.
The N200 billion intervention fund aims to boost the competitiveness of MSMEs and manufacturers, addressing longstanding structural challenges hindering productivity. According to Tinubu, the fund is part of the government’s efforts to improve financial inclusion, empowering small businesses and stimulating community level productivity through digital micro loan access.
The President emphasized his administration’s commitment to inclusive growth, particularly for young entrepreneurs and vulnerable groups. Tinubu’s administration is providing pathways for young Nigerians to access grants, loans, and equity investments of up to $100,000. This initiative is part of the government’s efforts to strengthen the real sector, stimulate innovation, and foster inclusive growth.
Tinubu highlighted the importance of ongoing reforms in stabilizing Nigeria’s macroeconomic environment. He cited a significant increase in total revenue collection from N19.9 trillion in 2023 to N27.8 trillion as of August 2025. The President expressed his administration’s resolve to rekindle hope for poor, vulnerable, and jobless Nigerians by creating corridors for them to access loans, grants, and equity investments.
The President’s initiative is geared towards promoting a fairer and more prosperous Nigeria. By providing support to MSMEs and manufacturers, the government aims to stimulate economic growth and development. The fund is expected to have a positive impact on the economy, creating jobs and increasing productivity.
The government’s commitment to inclusive growth and economic development is evident in its various initiatives. The N200 billion intervention fund is a significant step towards achieving these goals. With this initiative, Nigeria is poised to take a major leap towards economic prosperity.