President Bola Ahmed Tinubu has explained that the ₦200 billion intervention fund launched by his administration is designed to strengthen micro, small, and medium enterprises (MSMEs) and manufacturers, helping them overcome structural challenges and enhance competitiveness.
Speaking through Vice President Kashim Shettima at the opening of the 31st Nigerian Economic Summit in Abuja, Tinubu noted that the initiative reflects his administration’s commitment to inclusive growth and economic resilience.
Sharing the update on his official X handle, Vice President Shettima reaffirmed that the fund aligns with the government’s goal of driving productivity, supporting innovation, and promoting sustainable economic expansion through strategic MSME support.
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Tinubu also highlighted that Nigeria’s 4.23% GDP growth recorded in September 2025 shows that ongoing reforms are yielding tangible results, surpassing projections by multilateral agencies and local economists.
He further assured that his administration remains focused on empowering poor, vulnerable, and jobless Nigerians especially the youth through access to loans, grants, and equity investments to expand business opportunities nationwide.
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