Over 1,000 women, including petty traders, vulnerable and persons living with disabilities from various communities across Anambra State, have received the recapitalisation grant of N50,000 each from Nigeria’s First Lady, Oluremi Tinubu’s Renewed Hope Initiative Economic Empowerment Programme.
The First Lady had on Thursday, unveiled a recapitalisation grant for 37,000 women petty traders across the 36 states and the Federal Capital Territory.
During the flag-off ceremony in Abuja, she said 1,000 women across each state and the FCT will get N50,000, totalling N1.85bn as part of her Renewed Hope Initiative’s Economic Empowerment Programme.
The initiative is aimed at improving the living standard of vulnerable Nigerians, particularly, women including persons with disabilities.
The distribution ceremony was performed at the Governor’s Lodge, Amawbia, on Thursday, by the Anambra State Governor’s wife, Dr Nonye Soludo, on behalf of the President’s wife.
Soludo, who read the First Lady’s address, added that the RHI is all about making every woman in Nigeria self-reliant, noting that it is being done by providing the beneficiaries with the wherewithal and conducive environment to be economically productive and employers of labour.
She said, “The empowerment programme of 1,000 women petty traders that is taking place simultaneously across the 36 states of the federation and the Federal Capital Territory is part of our continued commitment to drive economic growth towards a better life for families.
“We are all aware of the challenges faced by Small and Medium-Scale Enterprises, 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 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, expanding their businesses, creating more jobs and contributing more robustly to our economy.”
According to her, economic empowerment is a core objective of the Renewed Hope Initiative and they have shown commitment to both women and youth across the six geopolitical zones to support the economic reforms of the administration.
She added, “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.
“I would like to extend my heartfelt gratitude to all our RHI State Coordinators and First Ladies of States, and everyone involved in making this programme a reality, particularly, their efforts in identifying the traders, she appreciated.”
The beneficiaries in their unanimous appreciation assured Mrs Tinubu and Mrs Soludo of their continuous support towards a better Nigeria.
The event also featured a cooking and dancing competition organised by PZ Wilmar makers of Mamador Oil, led by the Area Sales Manager, Esther Bankole.
Meanwhile, a mammoth crowd of women and other indigent individuals had besieged the Governor’s Lodge, the venue of the distribution as early as 7 am on Thursday, seeking to be part of the beneficiaries, with many struggling to gain entry and police officers having a hectic time screening the crowd at the first gate.
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