As part of continued commitment to drive economic growth towards a better life for families, the Renewed Hope Initiative (RHI) Economic Empowerment Programme has flagged off the recapitalisation grants for 1,000 women petty traders in the nation’s capital, Abuja.
The wife of the president, Senator Oluremi Tinubu, while flagging off the programme in Abuja stated that a total of
N1,850,0000,000.00 would be disbursed to 37,000 women petty traders across the nation.
She said the event would take place simultaneously across the 36 states of the federation and the Federal Capital Territory.
Represented by the mandate secretary, Women Affairs Secretariat, the FCT state coordinator of the Renewed Hope Initiative, Mrs. Adedayo Benjamins-lanyi, said the First Lady also noted that the Renewed Hope Initiative is aware of the challenges faced by Small and Medium Enterprises (SMEs), especially the petty traders, who form the backbone of the local economies.
She stressed that these challenges have not deterred the strength of the women.
She stated further that: “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 recapitalise and grow their businesses.
“A total of N1,850,0000,000.00 will be disbursed to 37,000 women petty traders across the nation.
“The grants provided today is to assist our women petty traders in overcoming some of their business challenges, expand their businesses create more jobs and contribute more robustly to our economy”.
She affirmed that economic empowerment remains a core objective of the Renewed Hope Initiative and the programme has continued to support the economic reforms of the present administration of President Bola Ahmed Tinubu.
“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,” she stressed.