President Bola Tinubu has reiterated his administration's commitment to strengthening Nigeria's education sector, positioning it as a key driver of national development and small business growth. The President shared the updates on his official X handle, outlining a range of reforms expected to create more opportunities for young people, farmers, and entrepreneurs across the country.
According to the President, the Federal Government has allocated 40,000 hectares of land and registered 80,000 farmers under the 2025/2026 Wheat Production Programme, with an output target of N160 billion. Stakeholders say the programme could support agro-processing SMEs, reduce reliance on imports, and stabilise raw material prices for local businesses.
Food prices have also recorded a downward trend across several states including Taraba, Benue, Imo, Yobe, Borno, Abia, and Adamawa. This development offers some relief for small businesses, especially those in the food retail, hospitality, and manufacturing sectors heavily impacted by inflation.
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In the education sector, the Nigeria Education Loan Fund (NELFUND) is set to expand its student loan scheme to include vocational and skills training programmes. This move is expected to benefit youth-focused SMEs, training centres, and employers seeking skilled talent for their operations.
The Nigerian Exchange (NGX) has also reported a 12% rise in trading volume and deals, indicating growing investor confidence. Market analysts note that improved liquidity and stronger market activity may enhance fundraising prospects for SMEs looking to scale.
Overall, the combined initiatives reflect ongoing government efforts to ease business conditions, develop skilled manpower, and support local production key areas that directly shape the growth trajectory of Nigeria's small business ecosystem.
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