The Presidential Conditional Grant and Loan Scheme, a key initiative under President Bola Tinubu's 8-point Renewed Hope Agenda, has already reached 900,000 Nigerians, providing vital support to small businesses, traders, artisans, and young entrepreneurs.
This was revealed by the Minister of Information and National Orientation, Alhaji Mohammed Idris Malagi, at a conference in Minna. Malagi emphasized that the agenda is delivering "real, measurable opportunities" across the nation.
Beyond small business support, the Minister highlighted other achievements, including over 300,000 students benefiting from the Students' Loan Scheme and the recapitalization of the Bank of Agriculture with ₦1.5 trillion to boost agricultural financing.
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He also noted the strategic creation of the Ministry of Livestock Development, envisioned to unlock a potential ₦30 trillion economy.
Malagi stated that the bold decision to remove fuel subsidies, though initially challenging, has significantly increased funding for infrastructure development and social services, empowering state governments to undertake transformative projects.
These initiatives underscore the administration's commitment to economic revitalization and inclusive growth.
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