Federal Government has disbursed about 16.1 billion naira to 22 manufacturing concerns from the 75 billion naira set aside by the government to stimulate real sector growth.
Minister of Finance, Wale Edun announced this during the Citizens and Stakeholders Engagement on the Implementation of Presidential Priorities and Ministerial Deliverables for the Fourth Quarter of 2024 in Abuja.
He stated that 3.5 billion naira was disbursed to 11,000 beneficiaries in five days from the Consumer Credit Scheme, which is targeting over 80 million Nigerians.
Edun also said 25 million people have so far been reached under the direct benefits transfer, while stressing needs to invest at least 20 billion dollars per annum to achieve its economic targets and record a growth rate of about 6.3 percent by 2027.
The Minister, while noting the need for urgent investments, reiterated its role in driving economic growth and facilitating infrastructural development, pointing out that an additional 20 billion dollar per year is required to grow the economy by an average of 6.3 percent in the medium term.
