In an effort to help 50 million Nigerians escape poverty by 2027, the Federal Government of Nigeria has joined forces with financial institutions to provide grants for those interested in Digital Economy and Creative Enterprise.

This poverty-alleviation partnership was announced by Idea Lab, a financial inclusion agency working with the Central Bank of Nigeria and others to distribute grants and loans.

The National Coordinator of Idea Lab, Emmanuel Aondoakaa, emphasized the government and World Bank Group’s support for the initiative, which aims to provide financial assistance, employment opportunities, scholarships, market access, and technology transfer initiatives.

Innovative technologies such as the Rex Agent application, Scholarship and Aid Website, and Job Gurus Website are being used to facilitate these programs and bring value to entrepreneurs in line with President Bola Tinubu’s ‘Renewed Hope Initiative’.

“To appreciate the effort of the Federal Government of Nigeria under the leadership of President Bola Tinubu to lift 50 million Nigerians out of poverty, we are passionately appealing for all concerned stakeholders, especially BMO forum of MSMEs of Nigeria, Cooperative Societies and the media to join us in this movement.

“Subscribe to these technologies and let us use the blockchain embedded in them to create millionaires everywhere through a connected economy,” Aondoakaa appealed.