President Bola Tinubu says the federal government is making plans to support micro, small and medium-sized enterprises (MSMEs) in the country.

Speaking in a nationwide broadcast on Monday, Tinubu said 1,300 nano business owners will be given a grant of N50,000 each.

The SMEs will be drawn from the 774 local governments across the country.

Other interventions include:

• N75bn to fund enterprises at 9% per annum
• N125bn to energize MSME…50k each to about 1,300 nano business owners
• 200,000 Metric Tonnes of grains.
• 225,000 metric tonnes of fertilizer, seedlings and other inputs.
• N50bn each to cultivate 150,000 hectares of rice and maize.
  •N50bn each to cultivate 100,000 hectares of wheat and cassava.
• N100bn to acquire 3000 units of 20-seater CNG-fuelled buses.
• Minimum wage to be reviewed in conjunction with labour