Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
A U.S. court has convicted a Nigerian national, Ikponmwosa Erhinmwinrose, for his role in a $7.6 million wire fraud scheme.
”We have 9,000 people who have been approved, and they are getting their funds deposited into their bank accounts,” said Mr Alausa.
The loans, which can be repaid over three months, aim to make education more affordable and accessible.
Mr Bamidele explained that the bill aims to help the government meet its immediate and future financial obligations.
The debt office said that there was an increase of N9.43 trillion over the comparative figure for Sept. 30, 2023.
“Everyone will benefit from women empowerment because they are the mother of the family,” he advised.
“Vulnerable people in our communities will start getting their N10,000 from the first week of September.”
President Bola Tinubu has called on Nigerian youths to be patient and understanding with the hardship occasioned by his economic policies.
The loan facility is to finance educational projects, agriculture, quality healthcare delivery, energy, transportation, and other critical infrastructure.
