Tinubu ₦200bn MSME fund aims to boost growth, empower small businesses, and rebuild Nigeria’s productive economy through innovation and inclusion

Tinubu ₦200bn MSME fund has been unveiled to strengthen Nigeria’s manufacturing base and enhance the competitiveness of small businesses, President Bola Ahmed Tinubu said on Monday.

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Speaking at the 31st Nigerian Economic Summit (NES31) in Abuja, the President explained that the fund was created to tackle structural challenges that have long hindered productivity and industrial growth.

Represented by Vice President Kashim Shettima, Tinubu said the initiative aligns with his administration’s broader mission to stimulate innovation, empower Micro, Small and Medium Enterprises (MSMEs), and promote inclusive development.

He revealed that Nigeria recorded a 4.23 per cent GDP growth in September 2025, exceeding projections by both international and domestic analysts.

According to him, the improvement reflects growing confidence in the nation’s economic management team and the impact of ongoing reforms.

“All our decisions have been guided by the pursuit of balance between economic logic and public expectation,” Tinubu said. “We remain committed to pragmatic policies that combine fiscal discipline with social impact.”

The ₦200 billion intervention, he noted, is designed to rekindle hope among poor and vulnerable Nigerians, especially young people, by expanding access to loans, grants, and equity financing for MSMEs and manufacturers.

“This initiative is a key pillar of our drive to rebuild the productive base of the economy and ensure that growth translates into sustainable opportunities for citizens,” he said.

The President added that the fund will complement other economic reforms aimed at reducing inflation, stabilising the naira, and supporting local production.

This year’s Nigerian Economic Summit, themed around industrial transformation and private sector inclusion, brings together policymakers, business leaders, and development partners to craft strategies that advance Nigeria’s long-term economic competitiveness.

Tinubu reaffirmed his administration’s faith in Nigerian economic professionals, saying their expertise has guided the nation through complex reforms that are already yielding measurable results.

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“Our objective is clear — to move from the rhetoric of potential to the reality of shared prosperity,” he concluded.