First Lady and Chairman of the Renewed Hope Initiative, RHI, Senator Oluremi Tinubu, has flagged off the Renewed Hope Initiative Economic Empowerment Programme for women petty traders nationwide with the disbursement of 50,000 Naira business recapitalisation grant to 37,000 beneficiaries across the country.
According to a statement by her media aide, Busola Kukoyi, she flagged off the disbursement of the grant in Asaba, Delta State capital, where 1000 petty traders benefited from the scheme.
She says the grant is one of the interventions under RHI’s economic empowerment program. It is targeted at helping petty traders overcome some of their business challenges, create more jobs, and expand the informal sector’s contributions to the national economy.
“As we are all aware of the challenges faced by Small and Medium Enterprises (SMEs), especially the petty traders, who form the backbone of our local economies, these challenges, however, have not deterred the strength of our women.
“I salute you all and celebrate the courage and resilience that keep you going to put food on the table for your families.
“Today, through the Renewed Hope Initiative Economic Empowerment Programme, we provide 1,000 pre-selected women petty traders per state with a grant of N50,000 each to recapitalise and grow their businesses.”
One Billion, Eight Hundred and Fifty Million Naira (N1,850,000,000.00) will be disbursed to 37,000 women petty traders nationwide.”
While identifying economic empowerment as a core objective that the Renewed Hope Initiative has consistently delivered on for both women and youth across the six (6) geopolitical zones of Nigeria to support the economic reforms of President Bola Ahmed Tinubu’s administration, the First Lady notes that empowering women economically is not just a moral imperative but a strategic one.
“We recognise that empowering women economically is not just a moral imperative but a strategic one. When women thrive, their families thrive, and our communities and nation prosper.
We recognise that empowering women economically is not just a moral imperative but a strategic one. When women thrive, their families thrive; our communities and nation prosper”.
“To the 1000 women petty traders who are the beneficiaries of this programme, I say, “You are the heart of our local economies, the foundation of our communities, and the unsung heroes of our nation”. You have shown incredible resilience in overcoming countless challenges to build your businesses. Today, we celebrate your hard work and determination”.
Applauding the First Lady’s intervention and for choosing the state for the flag-off of the grant, Delta State Governor Sherriff Oborevwori, represented by his wife, Tobore Oborevwori, announced his administration’s donation of an additional N50,000.00 grant to empower the beneficiaries further.
He noted that Senator Tinubu has demonstrated true motherhood through the various contributions of her Initiative, RHI, especially in Agriculture, Education, economic empowerment, and Social Investment.
The RHI Economic Empowerment for 1000 Women Petty Traders per state was held simultaneously nationwide. Each beneficiary received N50,000.00 as a business recapitalisation grant from the Renewed Hope Initiative, RHI.
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