Despite the widespread uptake of the Hustler Fund, loan repayment rates have not kept pace, prompting the government to revise the terms of repayment.

Since its launch in 2022, the Bottom-Up Economic Agenda has aimed to tackle economic disparity, though its progress has faced challenges.

Without urgent changes, he added, the world would face a "sustainable development divide," leaving millions of people in chronic vulnerability.

Trade CS explained that collaboration between universities and industries is an essential disruptive process of industrialisation.