The Federal Executive Council has approved two additional financing requests, one of which is a $100 million African Development Bank facility under the Nigeria Youth Investment Fund to support entrepreneurs aged 18 to 35 operating in micro, small, and medium-scale enterprises.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known on Wednesday after the Federal Executive Council meeting chaired by President Bola Tinubu.
Edun also listed the second requirement to include a $50 million Islamic Development Bank financing for an integrated agricultural development project in Yobe State.
According to the minister, President Tinubu commended the commitment of his cabinet to the Renewed Hope Agenda and noted that recent economic data showed continued resilience, with GDP growing by 3.89% in the third quarter of 2025. Inflation, he said, had begun easing, while agriculture and industry recorded strong performance.
Lateefah Ibrahim