The Renewed Hope Agenda is delivering tangible economic benefits to millions of Nigerians, according to Professor Nentawe Yilwatda, National Chairman of the All Progressives Congress (APC), who highlighted the success of President Bola Ahmed Tinubu’s intervention programs in boosting entrepreneurship, small enterprises, and youth empowerment. These initiatives, including the N75 billion Presidential Intervention Fund for Micro, Small, and Medium Enterprises (MSMEs), the N11 billion support package from SMEDAN, and the N30 billion Youth Entrepreneurship Fund by the Niger Delta Development Commission (NDDC), are transforming access to affordable financing for Nigerian entrepreneurs. Professor Yilwatda emphasized that these funds are not just policy promises but real investments that are already stimulating business growth, creating jobs, and expanding economic inclusion across the country.
For years, MSMEs have struggled with limited access to affordable credit despite their critical role in driving Nigeria’s economy and generating employment. The Tinubu administration has directly addressed this challenge through targeted intervention programs designed to unlock the entrepreneurial potential of Nigerians. By providing essential financial support, the government is helping small business owners expand operations, increase productivity, and hire more workers. Professor Yilwatda noted that these efforts are laying the foundation for sustainable economic development by strengthening the productive sector and empowering local businesses.
The N75 billion Presidential Intervention Fund is being distributed to entrepreneurs in various sectors, enabling them to scale their operations and contribute more effectively to national growth. Similarly, the N11 billion allocated through SMEDAN is focused on building the capacity and competitiveness of small and medium enterprises. The N30 billion Youth Entrepreneurship Fund, administered by NDDC, is specifically aimed at young Nigerians, giving them the resources to turn innovative ideas into viable businesses. These programs are already making a difference in communities across Nigeria, from urban markets to rural villages.
According to Professor Yilwatda, the impact of these initiatives goes beyond individual beneficiaries. They are creating a multiplier effect that boosts household incomes, strengthens local economies, and increases opportunities for wealth creation. Young entrepreneurs, artisans, farmers, traders, tailors, and manufacturers are now accessing capital they previously could not afford. This access is translating into job creation, improved livelihoods, and greater economic participation for marginalized groups.
He stressed that the APC remains committed to policies that promote entrepreneurship, attract investment, and support local industries. The evidence, he said, is clear: businesses are growing, youth are being empowered, and economic inclusion is rising. These results, he added, demonstrate that President Tinubu is delivering on his campaign promises. As the administration continues to roll out targeted interventions, Nigerians can expect more inclusive and resilient economic growth in the months ahead.
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