"There is no place in the world where government thrives in isolation, and without government support," says Nigerian President Bola Tinubu.
"Through this office, we aim to rekindle a spirit of support for vulnerable enterprises and ideas that hold the key to our collective progress."
The Guardian reports that Tinubu last week opened the country's first National Philanthropic Office, which will work with international philanthropic organizations to raise $200 million for job creation and support for small and medium businesses in Nigeria.
"His spirit of bettering the lot of the citizens is enough guarantee for the NPO to make a huge success and impact," Vice President Kashim Shettima, who inaugurated the office, said of Tinubu's commitment to philanthropy.
The office will work with 12 industrial value-chain hubs and accelerators across six geopolitical zones to support startups and small businesses, the country's minister of industry, trade, and investment said.
Shettima noted that Tinubu's administration aims to generate 1 million jobs within the country's ecosystem.
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