x

**Tinubu Government Unveils Plan to Generate 100,000 Jobs for Nigerians**

By Daniel Edu

The federal government led by President Bola Tinubu has announced a strategic initiative aimed at creating 100,000 jobs for Nigerians by May 29, 2024. The plan is part of a broader effort to generate 384,000 jobs within four years, focusing on Micro, Small, and Medium Enterprises (MSMEs) and job creation.

Temitola Adekunle-Johnson, the Senior Special Assistant to the President on MSMEs and Job Creation, revealed this information during the inaugural Job Creation and MSME Quarterly Communications Forum, organized by the Job Creation & MSME Secretariat, Office of the Vice President.

Adekunle-Johnson highlighted the collaborative approach with the Federal Ministry of Labour and Employment in realizing these employment goals. Additionally, he emphasized a partnership with Access Bank to support the initiative by providing funding for MSMEs.

The Access Bank collaboration involves a commitment of N50 billion to support MSMEs, offering loans at a reduced interest rate of 15%, compared to the prevailing rates of 27 to 29%. The simplified collateral requirements aim to facilitate easier access to funds for MSMEs, particularly those seeking loans ranging from N1 million to N3 million.

The government’s commitment to creating an enabling environment for MSMEs aligns with President Tinubu’s Renewed Hope Agenda, seeking to boost economic opportunities and empower small businesses across the country.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

JUST IN: Tinubu Approves ‘Nigeria-First’ Procurement Policy to Boost Local Industry

President Bola Tinubu has approved a sweeping new policy...

EFCC: VeryDarkMan Arrested Over Multiple Petitions, To Face Charges Soon

The Economic and Financial Crimes Commission (EFCC) has confirmed...

B/Haram: Gov Zulum Resettles 6,000 Families from Dikwa, Mafa

…To Upgrade Skill Center at Maiduguri Correctional Facility…Closedown all...

Ibas Urges Military to Develop Practical Solutions to Tackle Insecurity

Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd.),...

FCTA To Vaccinate l1,116,677 Children in 2025 Routine Immunization Campaign

By Joyce Remi-BabayejuThe Federal Capital Territory Administration ,FCTA, has...

Trent Alexander-Arnold to Join Real Madrid After Liverpool Exit – Report

Liverpool vice-captain Trent Alexander-Arnold is reportedly set to join...

Man Shares Encounter With Osinachi’s Husband in Kuje Prison

A Nigerian man has shared details of his brief...
spot_img

Related Articles

Popular Categories

spot_imgspot_img