Bola Ahmed Tinubu, Nigeria’s President, has unveiled a comprehensive plan to boost economic growth, create jobs, and improve the standard of living for all citizens.
In a state broadcast on Sunday, the President expressed sadness over the recent protests in Kano but emphasised the need for unity and collective action to build a brighter future.
The President announced that the government has released over N570 billion to the 36 states to expand livelihood support to their citizens.
“Additionally, 600,000 nano-businesses have benefited from the nano-grants program, with an additional 400,000 expected to benefit soon.
“Furthermore, 75,000 beneficiaries have been processed to receive N1 million Micro and Small Business single-digit interest loans, starting this month. The government has also built 10 MSME hubs within the past year, creating 240,000 jobs, with five more hubs in progress.”
The president noted that in a bid to boost manufacturing output and stimulate growth, payments of N1 billion each are being made to large manufacturers under the single-digit loans program.
He noted that he has also signed the National Minimum Wage into law last week, ensuring that the lowest-earning workers will now receive N70,000 per month.
Nigerians took to the streets on Thursday, protesting against the widespread hunger and suffering in the country. The protests, which have so far lasted for four days, have seen citizens from various walks of life come together to express their frustration and discontent with the current state of affairs.
The protesters called on the government to take immediate action to address the rising cost of living, unemployment, and other socio-economic challenges facing the nation.
It was in response to the protests that President Tinubu addressed the nation on Sunday, acknowledging the pain and frustration of Nigerians.
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