The Federal Government is planning to generate 100,000 job opportunities by May 29th, 2024.
PERISCOPE NIGERIA reports the initiative aims at boosting economic advancement, as it fosters innovation, and support entrepreneurship within the nation.
This announcement was made by Ibrahim Hadejia, Deputy Chief of Staff to the President in the Vice President’s office.
The presidential aide said the Federal Government was focusing on job creation in partnership with the Federal Ministry of Labour and Employment.
“We are saying that by May 29, we will create at least 100,000 jobs. The target is to create 384,000 jobs in four years,” he said.
“Today’s programme is to announce our partnership with the Access Bank, how the bank is trying to support the government with regard to access to funding for MSMEs.
“Right now, the interest rate for loans is between 27 and 29 per cent, but the Access bank is giving us at the rate of 15 per cent.
“The bank is committing N50 billion to support MSMEs. They are even now saying that if you are an MSME and you want to collect N1 to N3 million, don’t worry; the collateral that they need is simplified to enable you to have access to the money,” he stated.
