AkweyaTVAkweyaTVAkweyaTV
  • Home
  • Culture
    • Art & Entertainment
    • Talk
    • Languages
  • Opinions
    • Worldview
  • AkweyaTV
  • History
  • About us
  • Shop
Search
History
Entertainment
  • Home
  • Art & Entertainment
  • Craft
  • Culture
  • History
  • Languages
  • Talk
  • Worldview
  • Shop
    • My account
    • Cart
    • Checkout
  • Bookmarks
    • Sponsored Post
Health
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Tinubu Unveils N125bn Economic Boost at Lagos International Trade Fair
Share
Sign In
0

No products in the basket.

Notification Show More
Font ResizerAa
Font ResizerAa
AkweyaTVAkweyaTV
0
Search
  • Home
  • Culture
    • Art & Entertainment
    • Talk
    • Languages
  • Opinions
    • Worldview
  • AkweyaTV
  • History
  • About us
  • Shop
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
AkweyaTV > Blog > General News > Tinubu Unveils N125bn Economic Boost at Lagos International Trade Fair
General News

Tinubu Unveils N125bn Economic Boost at Lagos International Trade Fair

Hadiza Abubakar
Last updated: November 15, 2023 8:35 pm
By Hadiza Abubakar
Share
2 Min Read
SHARE

President Bola Tinubu has announced that N125 billion will be infused into Nigeria’s economic framework. He announced this at the 2023 Lagos International Trade Fair. Underscoring the significance of Micro, Small, and Medium-scale Enterprises (MSMEs) in the country’s economic vigour, Tinubu committed to providing a conditional grant of N50 billion to one million nanobusinesses by March 2024.

Lucia Shittu

The CEO of Tafawa Balewa Square (TBS) Lagos, Lucia Shittu, represented President Tinubu, who stated that MSMEs constitute the driving force behind economic growth.

“MSMEs are the lifeblood of our economy, powering growth and development. It is our duty to furnish them with the necessary resources for flourishing businesses,” Tinubu stated.

Highlighting the potential of technology, the president emphasised connectivity as the linchpin for business success in today’s globalised world. “In navigating challenges, unity and collective strength are imperative for building a prosperous future,” he added.

The president plans to disburse N50,000 to 1,300 nanobusiness owners in each of the 774 local governments, injecting a total of N125 billion into the sector. This move, Tinubu noted, would not only boost financial inclusion but also propel the beneficiaries into the formal banking system.

Expanding on the theme “Navigating economic challenges: forging a path to prosperity,” the president of the Lagos Chamber of Commerce and Industry (LCCI) and the fair organiser, Dr. Michael Olawale-Cole, lamented the challenges faced by local manufacturers. He acknowledged the immense growth potential but pointed to obstacles such as soaring inflation, unstable exchange rates, and the persistent reliance on oil revenue hindering local manufacturers.

Follow the AkweyaTV channel on WhatsApp: https://whatsapp.com/channel/0029Va7m7dvJuyA7h5XMc22i

TAGGED:Lagos Trade Fair
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Hadiza Abubakar
ByHadiza Abubakar
Hadiza Abubakar is a staff member of Isu Media and a writer for AkweyaTV website. She has deployed herself into active media activities, including newscasting, interview shows, media monitoring, online community engagement, voice acting, and script writing. She holds a B.Sc. in Mass Communication from Ahmadu Bello University, Zaria. I love watching movies and writing.
Previous Article FG Goes Tough on Owners of Unoccupied Buildings in Abuja
Next Article Ekiti to Ensure Transparent Tax Utilisation

Advertise

  • Advertise with us
  • Newsletters
  • Deal

You Might also Like

SportsGeneral News

Iniesta Retires at 40

October 10, 2024
EducationGeneral News

FG Approves New Tinubu Polytechnic For Abuja

January 22, 2025
General News

Rights Groups Demand Immediate Release of Detained Rights Defender

August 1, 2023
General News

NIMC Warns against Unauthorised NIN Card Printing

March 25, 2025
…Including You

Check these

  • Advertise with us
  • Newsletters
  • Deal

Top Categories

AkweyaTVAkweyaTV
Follow US
© 2023 Akweya TV Limited. All Rights Reserved. Designed by Ikigai All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?