⭕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.
