ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, October 31, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Economy And Business

BREAKING: President Tinubu Gives N50 Billion To Small Business Owners

President Tinubu charged Nigerians to bear the pains associated with the removal of fuel subsidies, assuring them that things would pick up.

by NewsOnline Nigeria
July 31, 2023
in Economy And Business, Headline
0
President Tinubu Policies

President Tinubu has approved the sum of N50 billion to small business owners in Nigeria to cushion the effects of subsidy removal.

 

Newsonline Nigeria reports that Tinubu made the announcement on Monday while addressing Nigerians in his nationwide broadcast.

 

This Nigeria News platform understands that President Tinubu charged Nigerians to bear the pains associated with the removal of fuel subsidies, assuring them that things would pick up.

 

He said, “Our administration recognizes the importance of micro, small, and medium-sized enterprises and the informal sector as drivers of growth. We are going to energize this very important sector with N125 billion.

 

“Out of the sum, we will spend N50 billion on a Conditional Grant to 1 million nano businesses between now and March 2024. Our target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country.

 

 

“Ultimately, this programme will further drive financial inclusion by onboarding beneficiaries into the formal banking system. In like manner, we will fund 100,000 MSMEs and start-ups with N75 billion. Under this scheme, each enterprise promoter will be able to get between N500,000 to N1 million at 9% interest per annum and a repayment period of 36 months.

“To further ensure that prices of food items remain affordable, we have had a multi-stakeholder engagement with various farmers’ associations and operators within the agricultural value chain.”

Previous Post

BREAKING: President Tinubu Promises To Increase Minimum Wage For Workers

Next Post

200+ Happy New Month Messages For August 2023

Next Post
Happy New Month Messages

200+ Happy New Month Messages For August 2023

Trending Stories

No Content Available

Latest Stories

Lagos Fashion Week

Google Trends Reveal Nigeria’s Bold Fashion Revival Ahead of Lagos Fashion Week

Army Chief Waidi Shaibu

BREAKING: Army Chief Waidi Shaibu Approves Major Shake-Up Amid Failed Coup Plot

Jiji

Jiji Unveils “Deals Na Water” Black Friday, Promising Nigerians Up to 85% Discounts

APC Candidate Ukachukwu

APC Candidate Ukachukwu Sparks Outrage With Controversial Comment on Baby Factories in Anambra

Identities of 16 Senior Officers Arrested Over Alleged Coup Plot Against Tinubu Exposed

Identities of 16 Senior Officers Arrested Over Alleged Coup Plot Against Tinubu Exposed

Sterling Financial Holdings

Sterling Financial Holdings Records 141% Surge in Pre-Tax Profit, Hits ₦70.9bn in 9 Months of 2025

Caleb University Female Student Leaked Sextape Goes Viral, Sparks Social Media Frenzy (Watch Here)

15% Import Duty on Petrol

Tinubu Approves 15% Import Duty on Petrol, Diesel as NNPCL Begins Refinery Review

GenCo, Gas Debts

FG Moves to End Power Shortage, Approves N4 Trillion Bond to Clear GenCo, Gas Debts

President Tinubu

BREAKING: President Tinubu Decorates Newly Appointed Service Chiefs at Aso Villa

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria