• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Boosting Small Businesses, Integral Part Of FG’s Economic Reforms – Minister

by Samson Elijah
9 months ago
in News
Minister of Information and National Orientation, Mohammed Idris.

Minister of Information and National Orientation, Mohammed Idris.

Share on WhatsAppShare on FacebookShare on XTelegram

Minister of information and national orientation, Mohammed Idris, has declared that boosting small businesses remains part of the economic reform agenda of President Bola Ahmed Tinubu’s administration.

Advertisement

Idris made this assertion yesterday in  Abuja, at the media activation and town hall meeting on the federal government loan scheme for Medium, Small, and Micro Enterprises (MSMEs) and manufacturing enterprises.

He said the government is targeting MSMEs with its intervention programmes because they remain the engine of the Nigerian economy, collectively employing over 80 percent of the nation’s labour force and contributing nearly half of the national GDP.

“The goal is to further diversify the Nigerian economy, create jobs, promote value addition, revitalize our communities, and boost exports and foreign exchange inflows. We are also keen to ensure that these targeted support programs go a long way toward alleviating the pains and challenges being experienced as a result of the bold economic reforms being implemented to put our country back on the track of sustainable growth and prosperity.

“We fully recognize that these reforms may have caused temporary hardships, especially for vulnerable populations, and we will do everything in our power to cushion the discomfort. These single-digit loan facilities will be complemented by ongoing tax reforms designed to reduce the tax burden on Nigerian businesses,” he said.

RELATED

The Untold Struggle-for-Survival Story Of Bauchi Flood Victims

Rainstorm Wreaks Havoc On Plateau Community, Flood Submerges Farmlands In Niger, Kogi

9 minutes ago
Peter Obi Calls For Reopening Of Onitsha Markets Closed Over Illicit Drugs

ACF Rejects Peter Obi’s Reiterated One-term Pledge

13 minutes ago

The minister noted that to ensure no part of the country is left behind, similar town hall meetings are being held simultaneously across the six geopolitical zones to gauge the sentiments of MSMEs and mobilize them to take advantage of the interventions to further enhance their businesses.

Idris added that the Tinubu administration is committed to repositioning Nigeria for rapid economic growth and, is prioritizing hardworking and energetic entrepreneurs across the country for its intervention schemes.

He said the first phase of the programme was the N200 billion federal intervention, with N50 billion disbursed as one-off conditional grants targeted at the nano-business segment of MSMEs.

He noted that the second phase, totaling N75 billion targets micro, small, and medium-sized businesses.

The minister stated that, under the Tinubu Social Intervention Programmes, applicants only need to submit their applications to access the interventions, without requiring connections or government contacts.

“But as we have seen with many of the Tinubu administration’s programs—from the Students Loan Fund (NELFUND) to the Consumer Credit initiative, the Presidential CNG initiative, and the 50 billion Naira grant fund component of this presidential grant and loan scheme—you do not need connections to benefit from the renewed hope being delivered by President Bola Ahmed Tinubu.

“This is a government of equal and fair opportunities for everyone, and I have no doubt that the selection process for these loans will be guided by the same principles of equity and transparency that the President is determined to entrench in governance in Nigeria,” he said.

The minister, emphasising that robust stakeholder engagement is paramount for the successful implementation of government programmes and policies, commended the Office of the Vice President and the Bank of Industry for taking the lead on this laudable programme and for working hard to make it an enduring success.

He also directed all public information agencies, particularly the National Orientation Agency, to work closely with the Office of the Vice President to provide extensive public sensitisation on the federal government’s intervention programmes nationwide.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Mohammed Idris
SendShareTweetShare
Previous Post

Rotary Partners Humanitarian Bodies To Support FCT Women, Girls

Next Post

Dingyadi Assumes Office As Labour Minister, Harps On FG, Workers’ Relations

Samson Elijah

Samson Elijah

You May Like

The Untold Struggle-for-Survival Story Of Bauchi Flood Victims
Cover Stories

Rainstorm Wreaks Havoc On Plateau Community, Flood Submerges Farmlands In Niger, Kogi

2025/08/04
Peter Obi Calls For Reopening Of Onitsha Markets Closed Over Illicit Drugs
Cover Stories

ACF Rejects Peter Obi’s Reiterated One-term Pledge

2025/08/04
Festus Keyamo
News

₦712bn Lagos Airport Renovation To Be Funded Without Loans, Says Keyamo

2025/08/04
‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister
News

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister

2025/08/03
Stowaways Risk Being Shot At Lagos Airports – Military Commandant
News

N712bn Lagos Airport Renovation Misplaced Priority — ADC

2025/08/03
JUST-IN: Aviation Minister Sacks All FAAN, NAMA, NCAA, NSIB, NiMET Directors
News

Federal Gov’t To Recoup N712bn Lagos Airport Renovation Spending In 3 Years Keyamo

2025/08/03
Leadership Conference advertisement

LATEST

El-Rufai: Tinubu’s Reelection Will Ruin Nigeria’s Social Capital

Rainstorm Wreaks Havoc On Plateau Community, Flood Submerges Farmlands In Niger, Kogi

ACF Rejects Peter Obi’s Reiterated One-term Pledge

₦712bn Lagos Airport Renovation To Be Funded Without Loans, Says Keyamo

‘Obi’s 6m Votes Will Vanish If He Joins Atiku’, Says Tinubu’s Minister

‘You’ve Written Your Names In History,’ Tinubu Celebrates Victorious D’Tigress

‘A Golden Chapter For Nigeria’, Remi Tinubu Celebrates D’Tigress

Bandits Kill 11 Residents In Zamfara Villages

N712bn Lagos Airport Renovation Misplaced Priority — ADC

Federal Gov’t To Recoup N712bn Lagos Airport Renovation Spending In 3 Years Keyamo

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.