₦airaland Forum

The Minister of Information and National Orientation, Mohammed Idris, has called on entrepreneurs in the Southeast to tap into the Federal Government’s ₦200 billion intervention funds to expand their businesses and promote locally made products.

Idris made the appeal during a town hall meeting at the Government House in Enugu weekend as part of the National Communication Team’s citizens’ engagement tour to explain the Renewed Hope Agenda of President Bola Ahmed Tinubu.

He said the funds—comprising the Presidential Conditional Grant Scheme (PCGS), the FGN MSME Intervention Fund, and the FGN Manufacturing Sector Fund—were specially designed to support small businesses, boost manufacturing, and strengthen the country’s industrial base.

“Recognising the Southeast’s industrial strength, the government has created three key business funds totalling ₦200 billion. I urge entrepreneurs to take advantage of these funds and embrace the ‘Nigeria First’ policy that promotes patronage of locally made products,” Idris stated.

He said the FG’s delegation was in Enugu to connect directly with the people of the state on the Renewed Hope Agenda of President Bola Tinubu, whose goal is to bridge the communication gap between the government and the citizens, block the spread of misinformation and strengthen participatory democracy through open dialogue.

The Minister highlighted ongoing Federal Government projects in Enugu and by extension the Southeast the region, including the modernization of the Eastern Railway Corridor from Port Harcourt through Aba and Enugu to Maiduguri, the rehabilitation of over 1,000 primary healthcare centres, and the commissioning of a world-class oncology and cancer centre in Enugu.

“Today, we went to see all the roads linking Enugu to other parts of the Southeast, Southsouth and the North; we went to see the 350 meters flyover bridge at Eke Obinagu and all the projects which the Bola Tinubu led federal government is doing in Enugu and in deed Southeast.

“The flyover bridge at Eke Obinagu is significant because it connects Enugu to Ebonyi state, to Akwa Ibom, Cross River and even to the Cameroon. The bridge is almost being completed by President Bola Tinubu and we know it is what he promised and very soon the people of this state and their neighbours will benefit from the project upon completion,” he said.

He also commended Governor Peter Mbah for his administration’s collaboration with the Federal Government to deliver infrastructure and other development projects in Enugu State.

Idris noted that Enugu and Imo were among 11 states granted regulatory autonomy to oversee their electricity markets under the new Electricity Act, urging other South-East states to follow suit.

According to him, economic indicators such as food prices and foreign exchange rates are stabilizing, with global rating agencies optimistic about Nigeria’s growth towards a $1 trillion economy by 2030.

The minister assured that while challenges remain, President Tinubu’s reforms would yield clearer benefits by the end of his first term, with the Southeast positioned as a key player in the nation’s economic transformation.

Earlier when the minister led his high-powered federal government media delegation to pay a courtesy visit on Governor Peter Mbah of Enugu State at the state government house, he assured that President Bola Ahmed Tinubu remains committed to the development of Enugu State and the entire Southeast region.

According to him, the President’s reforms, particularly the removal of fuel subsidy, have freed up resources for both the federal and state governments to invest in critical infrastructure and social services.

“Governors across the country, including here in Enugu, are taking advantage of these additional resources to deliver impactful projects. We have seen the work Governor Peter Mbah is doing in education, infrastructure, security, and culture, and this is exactly what President Tinubu envisioned,” Idris said.

The minister commended Governor Mbah for sustaining and expanding development programmes, noting that the synergy between the federal and state governments is key to achieving lasting prosperity.

He disclosed that the delegation – comprising top officials from the National Orientation Agency, NTA, FRCN, NBC, and the Voice of Nigeria – would inspect projects in the state before holding an interactive session with residents to receive feedback on federal government policies.

Responding, Governor Mbah attributed the financing of numerous infrastructure projects embarked by the state government to the oil subsidy removal policy of the President Bola Ahmed Tinubu administration.

He said: “For us in Enugu, we are able to accomplish all we promised our people during the campaign, thanks to the bold decision taken by President Bola Tinubu, which has freed up resources needed to execute humongous capital projects,” said Governor, while listing ongoing projects in the state, which include the construction of 7,000 classrooms, 3,300 hospital beds and 2,000-hectare of 260 farm estates across the 260 wards of the state.

Governor Mbah also pledged more support for the policies of the federal government, saying they are in the best interest of the people of the state.

At the town hall meeting were traditional rulers, religious leaders, community leaders, market leaders, youth leaders and leaders from the various political parties in the state.

https://thenationonlineng.net/take-advantage-of-fgs-%e2%82%a6200bn-funds-minister-urges-southeast-entrepreneurs/

I just hope this is realistic.
Because this fund can go a long way to boost SME


Please post all threads in the right section, and don't derail threads by posting off topic.

clowns of the highest order
an average SE trader will need at least N50 million naira to set up a small scale business and the federal govt who can not give more than five thousand naira per head thinks they have done a lot

Okay

Please don't make racist and tribalistic comments on this section

They won’t take it.

Instead, they will be running around social media and be saying “bla bla bla can feed you for ten years.”

People wey never see food chop dey feed others for ten years

Let them Keep playing




29 more characters needed

South East make use of money oooo.
Na blessing and joy find una come ooo

South East make use of money oooo.
Na blessing and joy find una come ooo
More joy is coming

200 billion is Temu Advert, 2 billion is the real deal. If you know you know

Redoil:
clowns of the highest order
an average SE trader will need at least N50 million naira to set up a small scale bussiness

Why are you people like this?
Na juju?
What kind of people are you

Average SE trader 50 million?

How will they take advantage of an incomplete bridge. Isn’t that another project they’ll leave in the middle of construction or drag it out hoping to secure another vote with it?

True update , How can student participate? I need the funds too na

aribisala0:
Why are you people like this?
Na juju?
What kind of people are you

Average SE trader 50 million?

What happened? This is a good update oo, but the issues here is that, not everybody will benefit

Is this trado money?
Vote buying process has commenced.

Imagine begging south east to take federal govt money.

Redoil:
clowns of the highest order
an average SE trader will need at least N50 million naira to set up a small scale business and the federal govt who can not give more than five thousand naira per head thinks they have done a lot

shut up already pls. even if you will need 500billion to set up your 2by2 shop. the grant from FG can go a long way. this is how you guys will continue to fool yourselves and allow opportunities to elude you. later you will start shouting marginalization upandan.

Enugu Youth SME empowerment programmes I know is active.

Imo State.....who knows how far?

dem wan waste more money again

na politicians go setup fake companies to take the money like oil subsidy

descarado:
Is this trado money?
Vote buying process has commenced.

Imagine begging south east to take federal govt money.

can you pls point out where the minister was begging the south east entrepreneurs? you guys are very difficult people o.

Kasongo, the entrepreneurs from the South East are in Lagos. They develop everywhere except the South East. It's probably a curse.

atobs4real:
South East make use of money oooo.
Na blessing and joy find una come ooo
More joy is coming

Make una drop the link na...y'all make it sound like govt is dashing free money, you line up and collect.

They give the money through empowerment schemes.

So if you know anyone that is active in the Eastern states, make una tell us.

NekaG2233:
What happened? This is a good update oo, but the issues here is that, not everybody will benefit

Is there anything in this life that everyone benefits?

Are SE traders living in a secret location that we don't see?

Where are these average traders with 50 million

Often you people just talk anyhow without the self awareness expected in an adult

You have so many people with 50 Million in the SE but they don't pay tax?

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has really tried for Nigeria.

Honorable Seyi Tinubu should be allowed to take over in 2031 for the sake of continuity.

Godfullsam:
can you pls point out where the minister was begging the south east entrepreneurs? you guys are very difficult people o.

I think difficult is polite.

No doubt there are severe generational mental health issues

The problem is they take this toxic attitude abroad and people attribute it to all Nigerians

aribisala0:
Why are you people like this?
Na juju?
What kind of people are you

Average SE trader 50 million?

God bless you baba. Was just about to make same comment when I saw your post.

Give them your kidney, to spare their life, they will still find ways to discredit your life-saving generosity out of prejudice and hate against your person.

His talk of 50 million is ludicrous because even 2 million upwards is enough seed or even expansion funds for many businesses.

There is simply no way to appease those of the natural and hateful disposition never to see good in others. This is why I never attempt doing it in my personal or business life.

cococandy:
How will they take advantage of an incomplete bridge. Isn’t that another project they’ll leave in the middle of construction or drag it out hoping to secure another vote with it?

Like they left the 2nd Niger bridge?. Everything to you it is na lie, while others take advantage and then una go start to complain. See as Govt dey beg una for everything, NELFUND, dem dey beg una to apply, CreditCorp dem dey beg una, Military enrollment, dem dey beg una, 200bn SMSE funds, dem still dey beg una. This Tinubu govt sef 😂 trust Buhari, he no kuku get time to dey beg anybody.

4 years after you will all be struggling to find just a single person that benefited from that white elephant fund.

Govt of pinocchio 🤥

It's good to me ooo. They should share it fast fast . Is needed

WizardOfNG:
God bless you baba. Was just about to make same comment when I saw your post.

Give them your kidney, to spare their life, they will still find ways to discredit your life-saving generosity out of prejudice and hate against your person.

His talk of 50 million is ludicrous because even 2 million upwards is enough seed funds for many businesses.

There is simply no way to appease those of the natural and hateful disposition never to see good in others. This is why I never attempt doing it in my personal or business life.

These are the people Fela was talking about I hope you have time to listen


https://www.youtube.com/watch?v=PeH4xziCHQs

Read comments above and I feel repulsed by many of them. Why so? Government is informing of the existence of an intervention that could benefit you and you go like "is this not vote buying", "this is too small for SE businessman". The negativity is crazy. At the end of the day same people will go and be begging for handouts online. Criticize government, but do it only when necessary. No be everything be criticism in the name of stupid opposition.

derico:
Make una drop the link na...y'all make it sound like govt is dashing free money, you line up and collect.

They give the money through empowerment schemes.

So if you know anyone that is active in the Eastern states, make una tell us.

Are u waiting for it to be shared for free?
You will have to apply and also provide supporting documents to make u have it and pay back

Godfullsam:
can you pls point out where the minister was begging the south east entrepreneurs? you guys are very difficult people o.

Taking g advantage of 200 million fund, minister urges entrepreneurs is what?
Abeg si't d'own.