The Federal Government has set plans in motion to raise N200m from philanthropic organisations as part of efforts to create jobs and support Micro, Small, and Medium Enterprises (MSMEs).

A statement by Temitola Adekunle-Johnson, the Senior Special Assistant to the President on MSMEs and Job Creation, Office of the Vice President said the funds will be invested in key programmes and projects across different target sectors.

He said the presidency has also established the Nigeria Philanthropic Organisation, a private sector-led coordinating office to be domiciled in the office of the vice president, to facilitate the initiative, chaired by Thelma Ekiyor-Solanke, while the S.S.A. to the President on MSMEs and Job Creation is to coordinate its secretariat.