News
FG creates 240k jobs, supports 10 MSMEs Hubs
The President Bola Tinubu-led federal government has created more than 240,000 direct jobs by building the capacity of Micro, Small, and Medium Enterprises (MSMEs) for which it has so far launched 10 MSME hubs.
Special Adviser to the President on Public Communications and Media, Sunday Dare revealed this in a series of tweets on his X account with which he launched a platform, “Tinubu Reforms Tracker (TRT)”.
TRT in 13 sectoral areas focuses on gains, expected outcomes, and impacts. Each of the government’s ongoing initiatives is examined for its potential, and results in immediate, short-term, mid-term and long-term gains.
Dare said “The Reforms Introduced by President Tinubu cover several critical areas. Some of them have started bearing fruits progressively. Under the Tinubu Reforms Tracker, TRT, selected sectors will be examined and the progress made in terms of initial impact revealed. President Tinubu is committed to delivering on these reforms in time for the benefit of Nigerians.”
Dare shared an e-flier with the tag, “Positive Notes from President Tinubu’s Job Creation & MSME Reforms”, indicating that under the government, “Ten (10) MSME Hubs (that have been) launched so far that have created 240,400 direct Jobs.
“N50BN discounted credit Facility for MSMEs implemented by Access Bank, N150,000 instant grants for 3 outstanding MSMEs during the National MSME Clinics, Cars and House given to MSMEs during the 2024 MSME Awards, N75BN single-digit MSME loan scheme being implemented by the Bank of Industry, Casual jobs scheme projected to create 2100 jobs per state across 10 SME Clusters, Syndicated N198BN Derisking Fund for MSMEs; A single-digit credit facility for MSMEs to be implemented by the 1st quarter of 2025.”
Dare tweeted, “The Reforms Introduced by President Tinubu cover several critical areas. Some of them have started bearing fruits progressively. Under the Tinubu Reforms Tracker, TRT, selected sectors will be examined and the progress made in terms of initial impact revealed.”
He noted that President Tinubu is committed to delivering on these reforms in time for the benefit of Nigerians.
News
Ogunlesi backs Tinubu reforms as FIRS chairman Adedeji highlights export-led economy
Joel Ajayi
After a high-level meeting with President Bola Tinubu in Abuja, Nigerian-born global investor Adebayo Ogunlesi expressed renewed confidence in the country’s economic reforms, indicating potential mega investments across energy, aviation, and port sectors.
He was joined in that optimism by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), who stressed that the reforms were laying the groundwork for an export-driven economy.
Speaking to journalists after the closed-door meeting, Ogunlesi praised the sweeping policy changes under Tinubu’s administration, including the removal of subsidies, tax reforms, and the revival of a refinery already exporting aviation fuel.
“We had an excellent meeting where we discussed how to put Nigeria front and center for international investment. The President was very encouraging, and we shared useful suggestions on driving economic growth,” Ogunlesi said.
Although he declined to reveal specific details, Ogunlesi confirmed that his firm is actively investing in Nigeria and assessing new opportunities.
“Watch this space. Nigeria is not yet the most exciting investment destination, but that’s what we are working on,” he teased.
Pressed on the sectors of interest, Ogunlesi highlighted energy, gas, aviation, ports, and renewables. Drawing on his firm’s experience with LNG projects in Texas and Australia, he noted Nigeria’s massive untapped gas reserves.
On aviation, he acknowledged his reputation as “the guy who bought Gatwick Airport” and signaled interest in similar ventures locally.
He also admitted that one of his companies operates ports in Cotonou and Lomé but none in Nigeria, a point Tinubu reportedly challenged him on.
“He forgave me but said, ‘you have to bring port investment to Nigeria,’” Ogunlesi recounted with a smile.
International investor Hakeem Bello-Osagie, who was also present, underscored the importance of diaspora participation in Nigeria’s growth story.
“When Nigerians at home and abroad invest in Nigeria, it sends a strong signal to the world,” he said, lauding Tinubu’s policies for making the country “investable.”
Echoing the sentiment, FIRS chairman Adedeji described the reforms as the foundation for an export-led economy.
“We’ve done the fundamentals, and now it is time to deliver growth,” he said.
With global players signaling confidence, the momentum for Nigeria’s economic repositioning is gaining ground, setting the stage for transformative investments in key industries.
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