The minister said the jobs generated through the partnership have the potential to annually attract up to $1.2 billion into the Nigerian economy.
The policy had faced a lot of criticisms.
The minister said that increased investments would create job opportunities and economic growth.
Mr Maikyau described the minister’s statement as “ridiculous, unpatriotic, and uninformed.’’
Mr Shettima said the federal government would continue to focus on growing the economy and reducing poverty.
She said the performance would further assist to enhance employment generation, wealth creation, economic growth and prosperity.
Mr Shettima said the fund was earmarked to support 100,000 start-ups and Micro Small and Medium Enterprises (MSMEs) at single digit interest rates.
He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.
Femi Adesina, the President’s spokesman, confirmed this development in a statement on Thursday in Abuja.
CAN argued that the FG’s plan to suspend its trustees and appoint interim managers to manage its affairs would usurp its powers, and was against the constitution.
