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Nigeria's president says he wants to create 2 million jobs by the end of his term in 2023, the AP reports.
President Bola Tinubu announced the plan Sunday in Abuja, saying $200 million would be raised through crowdfunding.
He said the money would be used to create jobs in the agriculture, fashion, irrigation, solar panel, agro processing, furniture, and renewable energy sectors.
Nigeria's National Advisory Board on Impact Investing said in a statement that the money would be used to establish 12 "mega hubs" across the country and to support existing and new entrepreneurs in those sectors.
The director of the office of the president on job creation, Temitola Adekunle-Johnson, said in a statement that the office would work with donors, impact investors, financial institutions, and foundations to create jobs in the country.
He said the office would specifically focus on providing " catalytic and non-catalytic support for existing and new entrepreneurs in the following sectors: Fashion entrepreneurs, irrigation solution, solar panel facilities, agro processing, mechanised industrial facilities, furniture entrepreneurs, sustainable entrepreneurs, renewable energy solutions."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Rwanda as Social Entrepreneur Fund Beneficiary
The Republic of Rwanda has been picked as one of the six African countries as beneficiaries for a new fellowship fund program designed at supporting social entrepreneurs in tackling issues on food security.
