• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Nigeria: President Tinubu Promises Loans To Manufacturers, SMEs, Others

2 months ago
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Germany Appoint New Coach Ahead Of Euro 2024

49 mins ago
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Ex-CAR Leader, Bozize Bags Life Imprisonment With Forced Labour

2 hours ago
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Bird Flu Outbreak Hits South African Chickens

2 hours ago
NCDMB
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Kenya: Blinken Applauds Ruto’s Peace, Climate Change Initiatives

4 hours ago
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Somalia Seeks Three-Month Delay In Withdrawal Of AU Troops

4 hours ago
Friday, September 22, 2023
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Stop Lecturing Africa, Guinea Junta Leader Tells West

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    India Halts Issuance Of Visas To Canadians

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    At UNGA, Ghana’s President Akufo-Addo Urges Reparations For Slave Trade

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria: Court Orders Chicago University To Release President Tinubu’s Academic Record To Opponent

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    President Kagame Announces Bid For Fourth Term In Rwanda’s 2024 Election

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Gabon Partially Suspended From Commonwealth Over Coup

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Kenya: 8 Killed As Military Helicopter Crashes Near Somalia

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Coups: African Youths In Search Of Liberators, Says Ex-Nigerian Leader, Obasanjo

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Egypt’s Leading Opposition Opts Out Of Presidential Race

  • Economy
    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Iran, Djibouti Restore Diplomatic Ties After Seven Years

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    NCDMB Unveils Winners Of 2023 National Undergraduate Essay Competition

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Bank Of England Pegs Interest Rate At 5.25% After 14 Hikes

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria’s Naira Continues Free Fall, Hits 980/$1

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    NCDMB’s Support ‘Bolstering Upgrades, Additional Investments’

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    ECOWAS To Kick Off Lagos-Abidjan Highway Construction In January 2024

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria’s Dangote Refinery To Commence Refining Petrol By November

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    X To Introduce Monthly Charges For All Users, Says Musk

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria: RMAFC Says Political Office Holders Not Overpaid

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Stop Lecturing Africa, Guinea Junta Leader Tells West

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    India Halts Issuance Of Visas To Canadians

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    At UNGA, Ghana’s President Akufo-Addo Urges Reparations For Slave Trade

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria: Court Orders Chicago University To Release President Tinubu’s Academic Record To Opponent

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    President Kagame Announces Bid For Fourth Term In Rwanda’s 2024 Election

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Gabon Partially Suspended From Commonwealth Over Coup

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Kenya: 8 Killed As Military Helicopter Crashes Near Somalia

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Coups: African Youths In Search Of Liberators, Says Ex-Nigerian Leader, Obasanjo

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Egypt’s Leading Opposition Opts Out Of Presidential Race

  • Economy
    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Iran, Djibouti Restore Diplomatic Ties After Seven Years

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    NCDMB Unveils Winners Of 2023 National Undergraduate Essay Competition

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Bank Of England Pegs Interest Rate At 5.25% After 14 Hikes

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria’s Naira Continues Free Fall, Hits 980/$1

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    NCDMB’s Support ‘Bolstering Upgrades, Additional Investments’

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    ECOWAS To Kick Off Lagos-Abidjan Highway Construction In January 2024

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria’s Dangote Refinery To Commence Refining Petrol By November

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    X To Introduce Monthly Charges For All Users, Says Musk

    Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

    Nigeria: RMAFC Says Political Office Holders Not Overpaid

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News
ADVERTISEMENT
Home Economy

Nigeria: President Tinubu Promises Loans To Manufacturers, SMEs, Others

July 31, 2023
in Economy, Top Stories
0 0
0
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

President of Nigeria, Bola Ahmed Tinubu.

0
SHARES
22
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

By John Ikani

Nigeria’s President, Bola Tinubu has revealed plans by his administration to strengthen the nation’s manufacturing sector and support SMEs

Relatedreading

Germany Appoint New Coach Ahead Of Euro 2024

Ex-CAR Leader, Bozize Bags Life Imprisonment With Forced Labour

Speaking in a national broadcast on Monday evening, President Tinubu said N75 billion has been budgeted to increase the capacity of the manufacturing sector and SMEs to expand and create good-paying jobs.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

According to him, the N75 billion which will be spent between July 2023 and March 2024 will target 75 enterprises with great potential to kick-start sustainable economic growth, accelerate structural transformation and improve productivity.

“Each of the 75 manufacturing enterprises will be able to access N1billion credit at 9% per annum with a maximum of 60 months repayment for long-term loans and 12 months for working capital,” he said.

While noting that his administration recognises the importance of micro, small and medium-sized enterprises and the informal sector as drivers of growth, President Tinubu added that N125 billion will be allocated to the sector.

Trending:
Kenyan Petroleum Expert Predicts Tougher Times Amid Global Fuel Prices

“Out of the sum, we will spend N50 billion on Conditional Grants 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.”

Speaking earlier, the President acknowledged the hardship Nigerians are facing owing to his government’s economic policies, especially the removal of fuel subsidy.

Tinubu who stressed that he understands the plight of Nigerians added that, the ongoing hardship was necessary for future economic prosperity.

According to him: “Our economy is going through a tough patch and you are being hurt by it. The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle,” he said in a national broadcast Monday evening.

“Things seem anxious and uncertain. I understand the hardship you face. I wish there were other ways. But there is not. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love.”

  • CBN demands details of 12 top Nigerian businessmen, others’ domiciliary accounts
  • Malawi’s President Directs Inclusion Of Swahili Language In School Curriculum

Tags: breakingHeritageheritage timesheritagetimesmediahtlatestnewsPresident Bola Tinubuthe heritage timesthehtafricathtthtafricatop stories
ShareTweetSendShare
ADVERTISEMENT
Previous Post

South Africa: Ramaphosa Assures Citizens Of Progress In Energy Action Plan

Next Post

Women’s Afrobasket: Nigeria, Others Await Quarter-final Opponents

Related Posts

Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Germany Appoint New Coach Ahead Of Euro 2024

September 22, 2023
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Ex-CAR Leader, Bozize Bags Life Imprisonment With Forced Labour

September 22, 2023

Bird Flu Outbreak Hits South African Chickens

Kenya: Blinken Applauds Ruto’s Peace, Climate Change Initiatives

Somalia Seeks Three-Month Delay In Withdrawal Of AU Troops

Official: Arsenal Captain Strikes Fresh Club Deal

Next Post
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Women's Afrobasket: Nigeria, Others Await Quarter-final Opponents

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Heritage Bank | Banking Anywhere

Updates

  • Trending
  • Comments
  • Latest
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Congo Denies Reports Of Coup Attempt

September 17, 2023
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

9 Health Benefits Of Garden Egg

July 2, 2022
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Failed Drug Test: Juventus Move To Sack Pogba

September 17, 2023
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Libya: Prime Minister Refuses To Accept Anything Other Than Necessary Aid

September 13, 2023
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Germany Appoint New Coach Ahead Of Euro 2024

September 22, 2023
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Ex-CAR Leader, Bozize Bags Life Imprisonment With Forced Labour

September 22, 2023
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Bird Flu Outbreak Hits South African Chickens

September 22, 2023
Nigeria President Tinubu Promises Loans to Manufacturers Smes Others Heritage Times

Kenya: Blinken Applauds Ruto’s Peace, Climate Change Initiatives

September 22, 2023
Zenith Bank Plc betalife Promo
Stanbic IBTC Bank
NCDMB NCDMB NCDMB

Most Recent

Germany Appoint New Coach Ahead Of Euro 2024

September 22, 2023

Ex-CAR Leader, Bozize Bags Life Imprisonment With Forced Labour

September 22, 2023

Bird Flu Outbreak Hits South African Chickens

September 22, 2023

Kenya: Blinken Applauds Ruto’s Peace, Climate Change Initiatives

September 22, 2023

Somalia Seeks Three-Month Delay In Withdrawal Of AU Troops

September 22, 2023

Official: Arsenal Captain Strikes Fresh Club Deal

September 22, 2023

Nigeria: Six Rescued From 24 Abducted Students In Zamfara

September 22, 2023

APPO Visits New Member Ghana, Discusses Future Of Oil & Gas In Africa

September 22, 2023
HOUSE FORTY THREE RESTAURANT
MOSILO GROUP
ADVERTISEMENT

About

The Heritage Times was established to advance transparency and accountability in leadership and governance. Our vision is to become Africa's foremost provider of quality news and contents. We seek to lead a news media revolution that will foster a sustainable democratic Africa.

Featured

PARODY: Nigerian Governors Complete ‘How To Govern’ MasterClass In Kigali

What Are The Options Left For West Africa To Reverse Niger Coup?

Explainer: How Is Africa Responding To Russia And Ukraine’s Charm Offensive?

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2023 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • World
  • __________________
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2023 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.