The Federal Government has set plans in motion to raise N200m from philanthropic organisations as
part of efforts to create jobs and support Micro, Small, and Medium Enterprises (MSMEs)

A statement by Temitola Adekunle-Johnson, the Senior Special Assistant to the President on MSMEs and
Job Creation, Office of the Vice President said the funds will be invested in key programmes and projects
across different target sectors.

He said the presidency has also established the Nigeria Philanthropic Organisation (N.P.O), a private
sector-led coordinating office to be domiciled in the office of the vice president, to facilitate the
initiative.

The body, Adekunle-Johnson noted, will work with donors, impact investors, and financial institutions to
support the establishment of twelve mega hubs across the country and catalyse support for existing and
new entrepreneurs in renewable energy, agro-processing, furniture, and fashion among other areas of
the economy.
“The funds raised will be invested in key programmes and projects that will create opportunities for
employment across different target sectors and facilitate growth in the MSMEs sector,” he added.

According to him, Vice President Kashim Shettima has appointed Thelma Ekiyor-Solanke to chair the
Nigeria Philanthropic Organisation while the S.S.A. to the President on MSMEs and Job Creation is to
coordinate its secretariat.