President Tinubu's Reforms

Jobs, Enterprise & Opportunity

Expanding economic opportunity for youth and small businesses — moving Nigeria from consumption-led growth to production-driven prosperity.

What Has Been Done

Record business financing through the Bank of Industry. The Bank of Industry disbursed ₦636 billion in 2025 — its highest annual figure ever — to over 7,000 enterprises, including 570 startups. The fund supported 1.6 million jobs and included dedicated facilities for women-owned businesses, youth entrepreneurs, and nano enterprises.

MSME support deepened. A ₦200 billion MSME and Manufacturing Intervention Fund, a ₦75 billion single-digit loan scheme, and a ₦198 billion de-risking fund are providing affordable financing to small businesses across the country. Over 827,000 SMEs were served through 10 operational MSME hubs in 2024.

Three Million Technical Talent programme scaling. The 3MTT digital skills initiative — the world's largest tech talent accelerator — has enrolled 1.8 million Nigerians, with 300,000 fellows in active training and over 15,000 graduates already placed in employment.

Tax incentives rewarding job creation. The 2026 Tax Reform provides a 50% deduction for businesses that hire new employees and a further 50% deduction for those that raise wages for their lowest-paid staff.

A thriving innovation economy. Nigeria's digital economy accounts for 17% of GDP and is growing. The country hosts five of Africa's seven tech unicorns. Foreign tech investment into Lagos alone exceeded $6 billion between 2019 and 2024.

Scale at a Glance

1.6M

Jobs created & retained via BOI in 2025 alone

₦636B

BOI disbursed to businesses in 2025 — all-time record

1.8M

Nigerians applied for 3MTT digital skills programme

827K

SMEs served through MSME hubs in 2024

240K+

Jobs created through MSME development initiatives

4.23%

GDP growth recorded September 2025 — above all projections

Bank of Industry — Record Disbursements 2025

Bank of Industry: ₦636 Billion Disbursed in 2025 — Highest in BOI History

Under the Federal Government\'s ₦200B MSME intervention, BOI recorded over 95% performance as disbursing institution — supporting 7,000+ enterprises and 570 startups.

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₦202B

Agro-Allied

Largest sector allocation. 47,508 smallholder farmers linked to formal processing value chains. Tomato processing upgraded 3x.

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₦79B

Manufacturing

Strengthening domestic production and value addition across consumer goods and industrial sectors.

₦100B

Infrastructure

Broadband, power, aviation, and transportation projects financed to remove productive bottlenecks.

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₦55B

Services

Includes fintech, digital services, and the creative economy. Youth-led digital enterprises a priority.

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€2.1B

International Facility

€2B syndicated in 2024 + €210M mobilised in 2025 from international partners to strengthen BOI's lending capacity.

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₦6.5B

Rural RAPID

880 rural enterprises accessed financing under the Rural Area Programme on Investment for Development across Nigeria.

3MTT — Digital Economy & Tech Talent Programme

3M

Target technical talents to be trained

1.8M

Nigerians who applied (NIN/BVN verified)

300K

Fellows currently in Phase 2 training

15K+

Graduates who have secured job placements

4,000

Telecom towers to connect 23M unserved Nigerians

17%

ICT's share of Nigeria's GDP (2024)

“We have created pathways for young Nigerians to access grants, loans and equity investments of up to $100,000 to scale their enterprises, innovate and build sustainable livelihoods.”

President Bola Ahmed Tinubu · 31st Nigerian Economic Summit · October 2025