$10 billion fund: Atiku Abubakar promises an economic stimulus to support agriculture, manufacturing and MSMEs within 100 days in office to boost inclusive growth.
$10 billion fund is at the centre of Atiku Abubakar’s proposed economic revival plan.
The presidential candidate of the Peoples Democratic Party said his administration will unveil an Economic Stimulus Fund within the first 100 days in office, with an initial investment capacity of approximately US$10 billion.
Atiku explained that the $10 billion fund will prioritise private sector investment in infrastructure, while directing strong support to agriculture, manufacturing and micro, small and medium enterprises (MSMEs).
According to him, these sectors hold the greatest opportunities for achieving inclusive growth and lifting millions out of poverty.
The former Vice President stressed that a coherent and investor-friendly foreign exchange policy is crucial to Nigeria’s progress.
“Larger volumes of non-oil exports will earn more foreign exchange for Nigeria, improve our foreign reserves, and help stabilise the Naira,” he said. “This will contribute significantly to GDP growth.”
He added that restoring investor confidence is the first step. “Policy flip-flops send investors away. By providing consistency, we can attract capital, especially into the non-oil sector,” Atiku stated.
The PDP candidate also underscored agriculture as a major pillar of his plan. He pledged to make irrigation a top priority, supporting both smallholder and commercial farmers to cultivate at least 10% of Nigeria’s irrigable land — a sharp increase from the current 2%.
On security, Atiku warned that without peace, investment will continue to shrink. “Investment is a coward animal and fears conflicts and insecurity,” he said.
The proposal builds on his earlier announcement of a $20 billion Infrastructure Debt Fund (IDF), to mobilise domestic and international resources for large-scale projects.
Atiku said the IDF would be complemented by an Infrastructure Development Credit Guarantee Agency to de-risk investments and encourage bold private capital inflows.
Also read: Atiku will never be president, says ex-aide Bwala in bold revelation
Through the $10 billion fund, Atiku positioned himself as a leader committed to pragmatic solutions for economic growth, job creation, and investor trust.
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