A relief loan scheme provided by President Bola Tinubu through the Nigerian Consumer Credit Corporation has benefitted over 10,942 civil servants from various sectors.
The Development Finance Institution overseeing the consumer credit program is dedicated to easing financial burdens on Nigeria’s workforce through a new consumer loan initiative.
The recent disbursement report revealed that the program has assisted civil servants from different sectors, including education, healthcare, specialized fields, police, and administration.
This loan program aims to offer accessible and affordable credit to citizens through financial institutions, aiding in meeting urgent financial needs.
Amidst financial challenges caused by fuel price hikes, the loan initiative has provided crucial support to beneficiaries like Hauwa Bawa, enabling them to address essential needs.
In light of the economic situation, Vice President Kashim Shettima emphasized the government’s collaboration with the private sector to drive economic growth and industrialization.
Shettima highlighted the importance of private sector involvement in achieving the administration’s economic goals through pro-business policies and infrastructure improvements.
The government’s focus on enhancing infrastructure, particularly power supply, aims to create an environment conducive to business growth and job creation.
The administration is keen on supporting businesses, fostering hope and opportunities for youth, and driving economic growth through strategic partnerships.
Additionally, discussions at the Nigerian Economic Summit Group are geared towards translating ideas into actionable plans to address Nigeria’s economic challenges and promote sustainable development.
The summit will cover various topics such as regulatory reforms, local manufacturing, energy dynamics, fiscal reforms, and infrastructure development to bolster the economy and ensure resilience.