Home Business FG Launches ₦150,000 Grant for Jigawa Entrepreneurs As Protests Loom Nationwide
BusinessNews

FG Launches ₦150,000 Grant for Jigawa Entrepreneurs As Protests Loom Nationwide

1.2k

President Bola Tinubu has approved a ₦150,000 grant for each business owner in Jigawa State. Vice President Kashim Shettima announced this during the launch of the AI Expertise Blockchain and Technology Training Initiative in Dutse. He claimed that Nigeria is not just catching up but is on track to lead in technology and economic growth in Africa.

The grant is a direct financial aid that does not require repayment and is aimed at micro, small, and medium enterprises (MSMEs). It was introduced alongside the launch of the 4th edition of the Expanded National MSMEs Clinic, which was created to enhance entrepreneurship in the Jigawa region.

Shettima also inaugurated several projects during the event, including subsidised food shops and a solar-powered irrigation scheme covering 20,000 hectares. He flagged off training for 1,000 youths in artificial intelligence and blockchain technology.

The Vice President’s visit comes in the heat of a planned nationwide protest scheduled to kick off in August. The exodus of foreign investors, naira depreciation, high levels of insecurity and increasing hardship have pressed hard on the citizenry, leading to demands that the current administration be dissolved. The difficult business landscape in Nigeria has affected not just the MSMEs that the Presidency now claims to support but also prominent businesses like Dangote Refinery,  TotalEnergies and many others who have exited the country.

Read: Ahead Of Nationwide Protests, Nigeria’s National Assembly Begins Seven-Week Recess

About The Author

Related Articles

News

Asake Sets New Billboard Afrobeats Record as Chart Presence Grows

Asake has further cemented his place as one of Afrobeats’ most dominant...

BusinessNews

Nigerians Lament PayPal’s Return as Old Wounds Resurface

PayPal’s reentry into Nigeria through a partnership with local fintech company Paga...

FinanceNews

Tanzania Eyes Gold Sales as Aid Declines and Infrastructure Needs Grow

Tanzania is weighing plans to sell part of its gold reserves to...

NewsSecurity

Mali Tightens Grip on Explosives Supply With New Majority Stake

The Malian government has taken majority ownership of a civil explosives manufacturing...