𝘐𝘯𝘢𝘶𝘨𝘶𝘳𝘢𝘵𝘦𝘴 𝘕𝘗𝘖 𝘭𝘰𝘤𝘢𝘭 𝘪𝘮𝘱𝘭𝘦𝘮𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 𝘤𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦
𝘞𝘰𝘮𝘦𝘯 𝘵𝘰 𝘨𝘦𝘵 50% 𝘰𝘧 $200𝘮 𝘨𝘳𝘢𝘯𝘵𝘴 𝘧𝘰𝘳 𝘔𝘚𝘔𝘌 𝘴𝘵𝘢𝘳𝘵-𝘶𝘱𝘴
The Vice President, Senator Kashim Shettima, has assured that the success and positive impact of the newly established National Philanthropic Office (NPO) is guaranteed under the Tinubu administration.
According to him, President Bola Ahmed Tinubu has been a firm believer in giving back to society and as such, his enduring spirit of bettering the lot of the citizens is enough guarantee for the NPO to make a huge success and impact.
Senator Shettima stated this on Friday during the inauguration of the Local Implementation Committee of the National Philanthropic Office (NPO) at the Banquet Hall of the Presidential Villa, Abuja.
The NPO, an initiative driven 100 percent by the private sector, with full support from the government, is part of efforts by the Tinubu-led federal government to raise alternative funding for Small and Medium-Sized Enterprises (SMSEs) and other vital economic programmes through collaboration with the private sector.
The office is saddled with the responsibility of ensuring the establishment of 12 industrial value-chain hubs and accelerators for startups and small businesses across the six geopolitical zones in Nigeria.
Delivering his speech titled, “Philanthropy and Our Shared Responsibilities,” during the inauguration of the Local Implementation Committee of the NPO, Vice President Shettima disclosed that the NPO is set to raise $200 million in grants and non-financial investment through local and international teams to provide support for start-ups in key sectors of the country’s MSMEs space.
“Distinguished ladies and gentlemen, this initiative proposes to raise $200m in grants and non-financial investment, through local and international teams, to provide support to start-ups in the key sectors within the MSMEs space that drive job creation in Nigeria,” he stated.
Noting President Tinubu’s knack for giving back to society, Shettima said his boss’s commitment to philanthropy had always been the mark of his identity.
“Long before stepping into the realm of public service, His Excellency President Bola Ahmed Tinubu has been a steadfast believer in the ideals of giving back to society. This commitment to philanthropy has always defined his identity.
“The Country Chairperson of the National Philanthropic Office (NPO), Mrs. Thelma Ekiyor, can rest assured that this initiative is in secure hands. Mr. President’s enduring spirit of societal betterment is enough to guarantee its success and impact,” the VP stated.
He acknowledged what he called gaps existing in philanthropy, saying “there’s an unmistakable inadequacy of philanthropy,” even as he added that this “has led to the establishment of the National Philanthropic Office.
“Through this office, we aim to kindle a spirit of support for vulnerable enterprises and ideas that hold the key to our collective progress,” he explained, noting that there is no place in the world “where government thrives in isolation, and without collaboration with private individuals and organizations bound by the virtue of empathy, this practice of philanthropy”.
