fbpx

THE DATA IN THE SPEECH OF PRESIDENT TINUBU – 31 JULY 2023

Must Read

Destiny Young
Destiny Younghttp://linktr.ee/youngdestinya
Destiny Young is a highly credentialed information technology professional with over 14 years of industry experience. An HND/BSc (Hons) in Computer Science graduate. He holds a Master of Technology degree in Information Technology from the prestigious University of South Africa (UNISA). He is a Distinction-grade MBA alumnus of Nexford University, Washington, DC, where he also obtained a First-class MSc degree in Digital Transformation. His professional development direction is in Cybersecurity, Digital Transformation, and Business Intelligence. He is a member of the British Computer Society (BCS), the Chartered Institute of Administration of Nigeria (CIA), the Nigeria Computer Society (NCS), etc.

⭕To spend ₦75bn between Jul 2023 & Mar 2024 to strengthen the manufacturing sector, increase its capacity to expand and create good paying jobs.

⭕Fund 75 enterprises with great potentials to kickstart a sustainable economic growth, accelerate structural transformation and improve productivity.

⭕Each of the 75 manufacturing enterprises to access ₦1bn at 9% p.a. with max of 60 months repayment for long term loans & 12 months for working capital.

⭕Energize the Micro, Small, and Medium-sized Enterprises and the informal sector with ₦125bn.

⭕To spend ₦50bn on Conditional Grant to 1 million Nano Businesses between now & Mar 2024.

⭕To give ₦50,000 each to 1,300 Nano Business owners in each 774 LGAs.
⭕To fund 100,000 MSME and startups with ₦75bn.

⭕Each enterprise to get between ₦500K to ₦1m at 9% interest p.a. and a repayment period of 36 months.

⭕Ordered the release of 200,000 MT of grains from strategic reserves to households across 36 States & FCT to moderate prices.

⭕Providing 225,000 MT of fertilizer, seedlings and other inputs to farmers who are committed to our food security agenda.

⭕Cultivation of 500,000 hectares of farmland and all-year-round farming practice remain on course.

⭕₦200bn of the ₦500bn approved by NASS will be disbursed as follows:
– ₦50bn each to cultivate 150,000 hectares of rice & maize
– ₦50bn each to cultivate 100,000 hectares of wheat & cassava
⭕To invest ₦100bn between now & Mar 2024 to acquire 3,000 units of 20-seater CNG-fuelled buses.

⭕Participating transport companies will be able to access credit under this facility at 9% p.a. with 60 months repayment period.

⭕In a little over 2 months, over ₦1tn saved.

Destiny Young
Destiny Young is a highly credentialed information technology professional with over 14 years of industry experience. An HND/BSc (Hons) in Computer Science graduate. He holds a Master of Technology degree in Information Technology from the prestigious University of South Africa (UNISA). He is a Distinction-grade MBA alumnus of Nexford University, Washington, DC, where he also obtained a First-class MSc degree in Digital Transformation. His professional development direction is in Cybersecurity, Digital Transformation, and Business Intelligence. He is a member of the British Computer Society (BCS), the Chartered Institute of Administration of Nigeria (CIA), the Nigeria Computer Society (NCS), etc.
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

I am working with FG to develop new identity technology in Nigeria – Bill Gates

According to Gates, the ID technology called MOSIP would ensure that every Nigerian gets digital benefits.
- Advertisement -

More Articles Like This

- Advertisement -