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.
Business
Bilateral Boost: Nigeria, Italy Forge Path to Shared Prosperity
Maryam Aminu
Nigeria’s Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has described the country as one of Africa’s most attractive investment destinations, as Nigeria and Italy take bold steps toward deepening economic and trade relations.
Speaking at the first Nigeria-Italy Investment Summit 2025 (NIIS 2025), themed “Building Bridges: Unlocking Opportunities,” Abbas, represented by Hon. Afuope Afolabi, emphasized Nigeria’s large population, dynamic market, and resource-rich economy as key assets for global investors.
“Italian enterprises have found fertile ground in Nigeria, and we in turn have benefited from these investments,” Abbas said, calling for a reimagined approach to bilateral cooperation through targeted investments in agriculture, energy, oil and gas, agro-processing, and solid minerals.
The summit organized by Giant Gee Nigeria Limited in partnership with the Italian Embassy served as a high-level platform for fostering investment-driven dialogue and strategic partnerships.
Deputy Speaker Benjamin Kalu, represented by Hon. Uchenna Harris Okonkwo, echoed the sentiment, stating, “These are two nations with immense potential. This summit is not just about investment; it’s about aligning values and mutual economic ambition.”
Italian Deputy Ambassador Mr. Lacopo Foti described the gathering as a celebration of shared values, trust, and commitment to sustainable development. “Italy’s cultural heritage and technological expertise make it a natural partner for Nigeria,” he noted.
With 2024 trade volumes between the two countries reaching approximately €2.5 billion, stakeholders expressed optimism that NIIS 2025 would spark greater collaboration and unlock long-term opportunities to transform both economies and improve livelihoods.
Earlier, the Managing Director of Giant Gee Nigeria Ltd, Amb. Engr. Augustine Chigbolu, said the summit aims to revitalize the bilateral business relationship between Nigeria and Italy.
“By fostering these strategic partnerships, the summit aims to not only solidify existing trade relations but also to discover new avenues for joint innovation and development.” He added
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