Remi Tinubu grants N50,000 to 37,000 women petty traders

Nigeria’s First Lady and chair of the Renewed Hope Initiative (RHI), Oluremi Tinubu, has flagged off the Renewed Hope Initiative Economic Empowerment Programme for women petty traders nationwide with the disbursement of N50,000 business recapitalisation grant to 37,000 beneficiaries across the country.

She flagged off the disbursement of the grant in Asaba, thecapital, where 1,000 petty traders benefited from the scheme.

As one of the interventions under the economic empowerment programme of RHI, the grant, she says, is targeted at helping petty traders overcome some of their business challenges, create more jobs and expand the contributions of the informal sector to the national economy.

Remi Tinubu grants N50,000 to 37,000 women

“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 your 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 are providing 1,000 pre-selected women petty traders per state with a grant of N50,000 each to recapitalize and grow their businesses. A total of One Billion, Eight Hundred and Fifty Million Naira (N1,850,000,000.00) will be disbursed to 37,000 women petty traders across the nation.”

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 geopolitical zones of Nigeria to support the economic reforms of President Bola Ahmed Tinubu’s administration, the First Lady noted 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 by extension, 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, and by extension, our communities and nation prosper.

Remi Tinubu grants N50,000 to 37,000 women

“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 intervention of the First Lady and for choosing the state for the flag-off of the grant, Delta State Governor Sherriff Oborevwori, represented by his wife, Tobore Oborevwori, announced the donation of an additional N50,000.00 grant by his administration to further empower the beneficiaries.

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He noted that Mrs Tinubu has demonstrated true motherhood by the various contributions of her Initiative, RHI, especially in the areas of Agriculture, Education, Economic Empowerment and Social Investment.

The RHI Economic Empowerment for 1000 Women Petty Traders per state held simultaneously nationwide. Each beneficiary received N50,000 as a capitalisation grant from the Renewed Hope Initiative, RHI.

SIGNED
Busola Kukoyi
SSA Media to the First Lady of the Federal Republic of Nigeria