By Joyce Remi-Babayeju
In the Renewed Hope drive for economic growth and re-capitalize families for better life, the Federal Government has disbursed the sum of N1.8 billion to 37,000 petty women traders in Abuja.
The wife of the President, Senator Oluremi Tinubu, who flagged off the programme in Abuja revealed that a total ofN1,850,0000,000.00 would be disbursed to 37,000 women petty traders across
the nation.
The first lady who was represented by the Mandate Secretary, FCT Women Affairs , Mrs. Adedayo . Benjamins- Laniyan said that the event would take place simultaneously across the 36 States and the Federal Capital Territory.
Benjamins-lanyi, 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 said, “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 re-capitalize and grow their businesses.
“A total of One Billion, Eight Hundred and Fifty Million Naira (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 who are petty traders in overcoming some of their business challenges, expanding their businesses creating more jobs, and to 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 recognize 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 the nation prosper”, she stressed.
Earlier, the FCT Minister of State, Dr. Mariya Mahmoud, described the programme as a significant stride towards empowering women entrepreneurs and enhancing their economic resilience.
She expressed the hope that the grants would undoubtedly provide the much-needed support in helping women petty traders expand their businesses and improve their livelihoods.
The minister who was represented by the FCT Coordinator of Social Investment Programme, Hajia Maijidda Adamu Musa, stressed that investment in human capital through the Renewed Hope Initiative in the areas of Economic Empowerment, Education, Health, Social Investment and Agriculture have been invaluable.
Mahmoud further said that by investing in women’s growth, the government is creating opportunities for a brighter future, just as she commended the efforts of the First Lady and her dedicated team in making this initiative a reality.
The Mandate Secretary Women Affairs Secretariat, Mrs. Adedayo Benjamins-laniyi, stated that the RHI, has become an interventionist programme that has come to stay with a view to supporting women entrepreneurs.
Represented by the Permanent Secretary, Women Affairs Secretariat, Alhaji Kolawole Adetoyi Rabiu, noted that the secretariat is reactivating all its programmes towards improving women’s economy.
The highpoint of the event was the presentation of cash to some selected beneficiaries.
