Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Joke Silva celebrates her husband, Olu Jacobs at 83

    July 11, 2025

    Joke Silva celebrates Olu Jacobs at 83

    July 11, 2025

    Nigerians have misunderstood U.S. concerning reduction in visa validity

    July 11, 2025
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      ADC releases names of all party chairmen across Nigeria

      July 10, 2025

      INEC starts media accreditation, opens portal for by-elections

      July 9, 2025

      APC commences sale of forms for NASS bye-elections

      July 8, 2025

      Aregbesola becomes National Secretary of ADC interim, reveals agenda

      July 2, 2025

      INEC resumes voter registration, reveals 2025-2026 election timetable

      July 2, 2025
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment July 11, 2025

      AMP Welcomes Nollywood Professionals To EFCC Sensitization Programme

      Recent

      AMP Welcomes Nollywood Professionals To EFCC Sensitization Programme

      July 11, 2025

      Ultimate 2025 IX Edition Awards unfolds categories for event

      July 11, 2025

      How marketers blacklisted me for rejecting sexual immorality

      July 10, 2025
    • Business

      Flutterwave secures full license to empower businesses in Senegal

      July 11, 2025

      UBA Announces Strategic Expansion into Key Markets Across Africa

      July 11, 2025

      Alternative Bank Pioneers Progress For Africa At ASIS 2025

      July 10, 2025

      Stanbic IBTC Bank meets CBN’s recapitalisation requirements

      July 9, 2025

      Flutterwave returns to transfers from Europe to Africa after hiatus

      July 9, 2025
    • Health

      Healthcare centre named after Remi Tinubu in Lagos

      July 11, 2025

      First Lady, Oluremi Tinubu inaugurates 30-bed Primary Health Centre in Lagos

      July 10, 2025

      Sterling Bank recognised for 2025 Nigerian Healthcare Excellence Awards

      July 4, 2025

      FG approves ₦65bn as intervention to basic health services in 2025

      July 2, 2025

      Guidelines for managing sickle cell in pregnancy – WHO

      June 20, 2025
    • Culture

      Rite Foods Powers Ojude Oba Festival, Adds Colour to its Festivities, Reinvigorates Participants with Its Award-winning Brands

      June 11, 2025

      Glo Celebrates 20-Years Of Showcasing Ojude Oba To The World With Gifts Of Cars, Tricycles And More

      June 9, 2025

      House Of Adron Illuminates Ojude Oba Festival With Grandeur, Honours Awujale Of Ijebuland

      June 8, 2025

      Ijebu Ode aglow with grandeur, culture at Ojude Oba festival

      June 8, 2025

      2025 Durbar Festival: Crowd gather in Ilorin to celebrate in grand style

      June 8, 2025
    • Lifestyle

      Joke Silva celebrates her husband, Olu Jacobs at 83

      July 11, 2025

      Joke Silva celebrates Olu Jacobs at 83

      July 11, 2025

      Kerojet Services CEO Femi Balogun Marks Birthday with Major Empowerment Drive in Lagos

      July 7, 2025

      Birthday: CJPAN Celebrates Media And PR Guru Mrs. Tosin Ajayi 

      July 7, 2025

      Language Is Power: Finding Our Voice Again

      July 7, 2025
    • Sports

      WAFCON 2024: Super Falcons Advances To Quarterfinals After Win Over Botswana 

      July 11, 2025

      FIFA ranking for Super Eagles, drop to 44th globally

      July 11, 2025

      Meeting International: Ajayi breaks record with 9.92s win in France

      July 8, 2025

      Aina extends contract till 2028, lauded by Forest boss, Marinakis

      July 8, 2025

      CONCACAF Gold Cup: Mexico defeat USA 2-1 to win title

      July 8, 2025
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»News»FG to boost MSMEs, invests $50m in impact fund, creating job opportunities
    News

    FG to boost MSMEs, invests $50m in impact fund, creating job opportunities

    Ifetayo AdeniyiBy Ifetayo AdeniyiJune 12, 20252 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    FG to boost MSMEs, invests $50m in impact fund, creating job opportunities

    FG to boost MSMEs, invests $50m in impact fund, creating job opportunities

    The Federal Government, FG, has announced a $50 million investment in the Nigeria Wholesale Impact Investment Fund (WIIF), aimed at unlocking significant financing for micro, small, and medium enterprises (MSMEs) and generating jobs across priority sectors.

    The Federal Ministry of Finance stated this in a post on X, noting that the investment is to show the government’s commitment to fostering sustainable economic growth.

    According to the statement, the strategic initiative supports President Bola Tinubu’s vision of achieving seven percent annual economic growth, with a focus on critical sectors including agriculture, infrastructure, and digital innovation.

    “The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today hosted a high-level delegation comprising leadership from the Impact Investors Foundation (IIF), the Global Steering Group (GSG) for Impact Investment, and key private-sector stakeholders,” the statement reads.

    It said further, “The meeting, attended by Mrs. Ibukun Awosika, Chairman, IIF/GSG; Mr. Wale Adeosun, CEO, Kuramo Capital; Ms. Sanyade Okoli, Special Adviser to the President on Finance & Economy; and Mrs. Lydia Shehu Jafiya, Permanent Secretary, Federal Ministry of Finance, underscored the government’s resolve to leverage impact investment as a catalyst for job creation and poverty alleviation.

    “During the session, stakeholders reviewed the operational framework for the WIIF and agreed on actionable next steps, including structured engagement with the Development Bank of Nigeria (DBN) to finalise the fund’s drawdown schedule.

    “Further discussions will explore innovative financing mechanisms, including government guarantees, to enhance private-sector participation.”

    Commenting on the initiative, Edun said the partnership highlights the strength of collaboration between the public and private sectors in driving Nigeria’s economic agenda, while reaffirming the government’s commitment to ensuring transparency, efficiency, and measurable impact in deploying the resources to benefit all Nigerians.

    “This partnership exemplifies the power of public-private collaboration in advancing Nigeria’s economic priorities,” he said.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleJune 12 struggle: The Labour of Heroes past, present
    Next Article CBN declares, BDC recapitalisation deadline will not be extended
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    TRAVELS $ GUIDE July 11, 2025

    Nigerians have misunderstood U.S. concerning reduction in visa validity

    News July 11, 2025

    Youth Minister Embarks on Journey to UAE, Presenting NiYA for Digital Skill

    News July 11, 2025

    Dangote Refinery To Build 1.6m Barrels Fuel Storage Tanks In Namibia

    News July 11, 2025

    Lagos LG poll: Police adjust movement restriction to 6am–3pm

    News July 11, 2025

    NIPR, BPP collaborate, ensuring professional standards in government

    TRAVELS $ GUIDE July 11, 2025

    Tinubu responds to President Trump over U.S. tough visa rules 

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    Lifestyle July 11, 2025

    Joke Silva celebrates her husband, Olu Jacobs at 83

    Joke Silva celebrates her husband, Olu Jacobs at 83 Joke Silva, Olu Jacobs Joke Silva…

    Joke Silva celebrates Olu Jacobs at 83

    July 11, 2025

    Nigerians have misunderstood U.S. concerning reduction in visa validity

    July 11, 2025

    Youth Minister Embarks on Journey to UAE, Presenting NiYA for Digital Skill

    July 11, 2025

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: officialmegastarmagazine@gmail.com
    Contact: +234 705 311 1111

    Our Picks

    Joke Silva celebrates her husband, Olu Jacobs at 83

    July 11, 2025

    Joke Silva celebrates Olu Jacobs at 83

    July 11, 2025

    Nigerians have misunderstood U.S. concerning reduction in visa validity

    July 11, 2025
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2025 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.