President Bola Tinubu has said that his government has released N570bn to state governments ‘to expand livelihood support to the people’. He made this known during the national broadcast he made on Sunday morning, in response to the hardship protests the country is experiencing.....KINDLY READ THE FULL STORY HERE▶
Although he did not give details of the huge transfer, many would situate the transaction in the region of palliative measures as the government’s policies spark harsh challenges.
He said, “We have introduced the Skill-Up Artisans Programme (SUPA); the Nigerian Youth Academy (NIYA); and the National Youth Talent Export Programme (NATEP).
“Also, more than N570 billion has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nano-businesses are expected to benefit.
“Furthermore, 75,000 beneficiaries have been processed to receive our N1million Micro and Small Business single-digit interest loans, starting this month. We have also built 10 MSME hubs within the past year, created 240,000 jobs through them and 5 more hubs are in progress which will be ready by October this year.
“Payments of N1billion each are also being made to large manufacturers under our single-digit loans to boost manufacturing output and stimulate growth.”