Finance and Economy Minister Wale Edun revealed that 11,000 Nigerians, including small business owners, have received N3.5 billion under a new consumer credit scheme aimed at easing financial strain.
The initiative, launched to support workers and SMEs, allows beneficiaries to access credit for essentials like Compressed Natural Gas (CNG) kits, enabling more affordable fuel alternatives for business operations.
Addressing the National Economic Council, Edun underscored President Tinubu’s commitment to helping vulnerable populations and fostering an environment where micro-enterprises can thrive.
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He noted additional support, including N50 billion in grants, which has reached nearly 90% of micro businesses, improving working capital and growth prospects.
Edun also shared broader economic measures like the Naira-based pricing for petrol, projected to save up to N700 billion monthly.
This strategy enhances the financial landscape for local businesses, paving the way for further investments in public infrastructure and critical social sectors.
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