At the 79th United Nations General Assembly (UNGA), the US Chamber of Commerce announced a significant $320 million investment in Nigeria's mortgage refinancing and small-to-medium-sized enterprises (SMEs), aligning with the Tinubu administration's economic revitalization efforts.
This major commitment is seen as a boost for Nigeria's financial landscape, particularly supporting the country's mortgage sector, which has long been in need of expanded financing options.
The US Chamber’s initiative also aims to empower women-led businesses, a move that echoes President Bola Tinubu’s administration’s focus on gender equality and economic inclusion.
In his remarks at the event, President Tinubu expressed optimism that this funding would serve as a catalyst for economic growth, job creation, and provide affordable housing for Nigerians, especially women and youth.
The commitment also underscores the US Chamber of Commerce's growing confidence in Nigeria’s economic trajectory under the current administration.
This collaboration promises to support thousands of SMEs, contributing to Nigeria’s GDP and promoting sustainability in both the housing and business sectors.
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