Federal Government Partners with Financial Outfits to Lift 50 Million Nigerians Out of Poverty
Federal Government Partners with Financial Outfits to Lift 50 Million Nigerians Out of Poverty: The Federal Government
of Nigeria has announced a partnership with financial institutions, including Idea Lab, to provide grants and loans to
Nigerians interested in digital economy and creative enterprise. This initiative aims to lift 50 million Nigerians out of
poverty by 2027, in line with President Bola Tinubu’s Renewed Hope Initiative.
Idea Lab, a financial inclusion agency, has been empowered by the Bank of Industry and the federal government to train,
prepare, and recruit agents and beneficiaries for local and international jobs, export talents and commodities, and provide
access to grants, loans, employment, and scholarships.
the coordinator
According to the National Coordinator of Idea Lab Agency, Emmanuel Aondoakaa, the agency’s programs are fully supported
by the federal government and the World Bank Group, and utilize innovative technologies such as the Rex agent application, scholarship
and aid website, and Job Gurus Website to provide financial inclusion and intervention programs for interested Nigerians.
These technologies aim to aggregate all stakeholders in Nigeria and around the world to bring value to Nigerians and fulfill the federal
government’s goal of lifting 50 million Nigerians out of poverty by 2027. The agency is calling on all concerned stakeholders, including
the BMO forum of MSMEs of Nigeria, cooperative societies, and the media, to join the movement and subscribe to these technologies to
create a connected economy and millions of new millionaires.
Representatives from the Central Bank of Nigeria, Bank of Industry, federal ministries of agriculture, science and technology, and other
organizations have expressed their support for the initiative. This partnership has the potential to make a significant impact on poverty reduction in Nigeria and promote economic growth and development.