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President Bola Ahmed Tinubu has approved N50 billion for small businesses. The president announced this in his nationwide broadcast on the state of the economy. He appealed to Nigerians to bear the pains associated with removal of fuel subsidy, assuring them that things would pick up. "Our administration recognises the importance of micro, small and…
Mr Tinubu acknowledged that many Nigerians were facing hardships due to his government's policies.
President Bola Tinubu has approved the release of over N275 billion for the immediate resuscitation of the manufacturing and the Micro, Small and Medium-sized enterprises (MSME). In a nationwide broadcast to the nation on Monday, Tinubu said that was part of the Federal Government efforts to cushion the effects of the removal of fuel subsidy
In Tinubu's first speech after his swearing in ceremony, he said the economy is passing through a rough patch but there is no other way.
Here is the full text of the nationwide broadcast by President Bola Tinubu on Monday, about the current economic challenges in the country...