Economic & Financial Sector
Achievements in Economic Empowerment
Since 2023, the administration has fundamentally restructured Nigeria’s economic empowerment landscape, moving from temporary palliatives to sustainable growth. Key milestones include the deployment of the Presidential Conditional Grant Scheme, which has provided direct, non-repayable grants to over one million nano-business owners across all 774 local governments. By launching the 3 Million Technical Talent (3MTT) program, the administration is aggressively training a new generation of digital experts, having already equipped over 135,000 youths with high-demand skills in AI, software engineering, and data science to compete in the global digital economy.
Entering 2026, the administration has intensified its momentum by operationalizing the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CrediCorp). These initiatives have successfully transitioned thousands of Nigerians from financial exclusion to active participation in the economy, with over 600,000 students now able to fund their education without debt-stress and thousands of workers gaining access to low-interest credit for essential purchases. By pioneering the National Women’s Economic Empowerment (WEE) Policy, the government is specifically breaking barriers for female entrepreneurs, ensuring they have the tools, land, and capital to lead in sectors ranging from agribusiness to technology.
The focus on real empowerment extends to the transportation and artisanal sectors through the Presidential CNG Initiative. By facilitating the conversion of thousands of commercial vehicles to cheaper, cleaner gas and distributing over 2,000 eco-friendly tricycles, the President has directly lowered the cost of doing business for transport workers while creating thousands of “green” jobs in conversion centers nationwide. This shift has not only put more money back into the pockets of operators but has also significantly lowered commuting costs for the average Nigerian family.
Furthermore, the administration has prioritized the “One Youth, Two Skills” initiative, ensuring that vocational excellence is rewarded with more than just a certificate. Through the National Directorate of Employment (NDE), over 33,000 young Nigerians have been trained and resettled with modern “starter packs”—ranging from industrial welding equipment to high-end tailoring tools—allowing them to launch their own SMEs immediately upon graduation. This hands-on approach is turning job seekers into job creators, stabilizing local economies from the bottom up.
Ultimately, these integrated reforms are about restoring the dignity of labor and the promise of the Nigerian dream. By increasing the national minimum wage to ₦70,000 and implementing a tax-free regime for small-scale businesses, the President is ensuring that hard work pays a living wage. This holistic strategy is not just about moving numbers on a spreadsheet; it is about building a Nigeria where every citizen has the skills, the credit, and the opportunity to build a prosperous life for themselves and their families.