PRES. TRUMP AWARDED INAUGURAL FIFA PEACE PRIZE AT WORLD CUP DRAW IN WASHINGTON . (PHOTOS).
The Federal Executive Council (FEC) has approved a fresh set of financial support initiatives aimed at enhancing educational development, stimulating entrepreneurship, and accelerating national growth.
At its meeting on Wednesday, the Council endorsed a $50 million facility from the Islamic Development Bank for UBESTATE. The funding is intended to expand educational infrastructure, improve access to quality learning, and strengthen overall educational outcomes across the state.
In a related development, FEC also approved a $1 million investment loan from the African Development Bank (AfDB) to bolster youth entrepreneurship. The facility is targeted at empowering young innovators, supporting small and medium enterprises (SMEs), and unlocking growth opportunities within youth-driven sectors.
Government officials noted that the approvals align with President Bola Ahmed Tinubu’s broader economic reform agenda, which prioritizes human capital development, job creation, and sustainable economic expansion.
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