A beneficiary of the Federal Grant, Mrs. Caroline Bala, has expressed gratitude for the financial assistance, saying that has enabled her to start a soya milk business after losing her previous job.
Bala shared that her business has been thriving, with daily earnings between 10,000 and 15,000 Naira.
She urged the organizers to sustain the initiative and ensure that deserving citizens continue to benefit from the grant, which she described as a life-changing opportunity.
Another beneficiary, Mr. Albert Ibrahim, utilized the grant to purchase herbicides for his farm, resulting in a successful harvest.
He expressed hope that others would also have the chance to benefit from this scheme.
Similarly, Summayya Ibrahim thanked the government for the support, adding that she looks forward to more assistance to enable wider outreach to aspiring entrepreneurs.
Muktar Aliyu, a cartoonist, used his grant to purchase specialized software that has enhanced his creative work.
He also expressed appreciation for the scheme, noting that it has greatly impacted his career.
During a town hall meeting and sensitization event for the N200 billion Presidential Intervention Fund, Governor Uba Sani of Kaduna State, represented by his Special Adviser on Economic Matters, Mr. Ibrahim Muhammad, highlighted the fund’s role in supporting micro, small, and medium enterprises (MSMEs) and manufacturing businesses across Nigeria.
He said ,the fund, which includes the Presidential Conditional Grant Scheme and loan options for MSMEs, is designed to bolster Nigeria’s economy by empowering local entrepreneurs.
“This massive presidential initiative is proof that President Bola Ahmed Tinubu is a listening leader,” Muhammad stated.
“Through these stimulus packages, small businesses and manufacturing enterprises will be revitalized, significantly benefiting both sub-national economies and Nigeria as a whole.”
He also emphasized the importance of MSMEs in driving job creation, innovation, and economic resilience, noting that Kaduna’s government is committed to fostering a supportive environment for businesses.
The Governor praised the timing of the fund, calling it a valuable support for Kaduna State’s ongoing efforts to boost the local economy, create jobs, and encourage entrepreneurial growth.
He urged all stakeholders to spread awareness of the initiative to maximize its impact.
Additionally, Mrs. Joy Oghiadomhe of the Bank of Industry outlined the eligibility criteria for both the grant and loan schemes, emphasizing the administration’s intent to tackle economic challenges through MSMEs as a key sector for development.
Krestnews.com reports that over 100 beneficiaries in Kaduna received grants under this initiative.(www.krestnews.com)