Tuesday, 20 November 2018

Atiku To Back 50m SMEs

Peoples Democratic Party (PDP) presidential candidate Atiku Abubakar has promised to attract investments and support 50 million Small and Medium-Scale Enterprises, if elected president next year.

Atiku, while unveiling his Policy Launch through a live Facebook address in Yola, Adamawa State, said the purpose was to double Nigeria’s Gross Domestic Product (GDP) to $900 billion by 2025.

He said the investments would create a minimum of 2. 5 million jobs annually and lift at least 50 million people from poverty in the first two years.

His team will also help to create jobs by innovating flagship programmes, such as the national open apprenticeship programme, through the capacity of master-craftsmen and women to train one-million new apprentices every year would be enhanced.

”Our national innovation fund and SME venture capital fund initiatives will provide stable and sustainable long-term support to aspiring entrepreneurs,’’ the PDP flagbearer said.

According to Atiku, his plan to restructure Nigeria will lead to a vast increase in the internally generated revenue, both for the Federal Government and the states.

The former Vice President said that would be done via the matching grants that would be provided to state governments that increased their own revenue.

”Let me be clear, no state will receive less funding than they get today – in fact, all will receive more and the harder a state works the more they will get,’’ he said, adding that they were not just his plan, but that of Nigerians...



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