President Bola Tinubu says the ₦200bn MSME intervention fund was created to ease structural challenges and boost competitiveness.
He noted that Nigeria’s 4.23% GDP growth shows reforms are driving real progress.
President Bola Ahmed Tinubu has said that his administration established the ₦200 billion intervention fund for micro, small, and medium enterprises (MSMEs) and manufacturers to help them overcome structural challenges and enhance competitiveness.
Speaking in Abuja on Monday at the opening of the 31st Nigerian Economic Summit (NES), the President said the initiative is part of the government’s broader economic reform strategy aimed at stimulating growth, job creation, and productivity across key sectors.
Represented by Vice President Kashim Shettima, President Tinubu noted that Nigeria’s recent 4.23 per cent GDP growth recorded in September 2025 reflects the positive impact of ongoing reforms, which, he said, have exceeded expectations from both international and local economic analysts.
He explained that the fund was designed to provide affordable financing through loans, grants, and equity investments for entrepreneurs, especially the youth, to revive small businesses and strengthen local manufacturing. “Our commitment is to rekindle hope among the poor, the vulnerable, and the unemployed by creating opportunities for access to finance and sustainable livelihoods,” he said.
The President added that every economic decision taken by his administration had been “guided by the pursuit of balance between economic logic and public expectation,” stressing that inclusive growth remains central to government policy.
Earlier, the Minister of Budget and Economic Planning, Senator Atiku Bagudu, commended the partnership between his ministry and the Nigerian Economic Summit Group (NESG), describing it as vital to Nigeria’s economic planning over the past three decades.
Also speaking, the NESG Chairman, Mr. Olaniyi Yusuf, urged stakeholders to prioritize national security as a foundation for reform. “Without peace, reforms cannot thrive, investors will hesitate, and young Nigerians will struggle to find prosperity,” he said.
