The spouse of the President, Senator Oluremi Tinubu, on Wednesday distributed N50m in grants to 1,000 girls small enterprise house owners in Ogun State.
Every beneficiary acquired N50,000 beneath the Ladies Financial Empowerment Programme of the Renewed Hope Initiative, with assist from the Tony Elumelu Basis.
The presentation came about on the June 12 Cultural Centre, Kuto, Abeokuta.
Talking on the occasion, Mrs Tinubu mentioned the programme was designed to assist the entrepreneurial drive of girls merchants and small-scale enterprise house owners striving each day to cater for his or her households and contribute to their communities.
Represented by the spouse of the Ogun State Governor, Mrs Bamidele Abiodun, the First Girl burdened that the monetary assist was not a mortgage however a grant meant to strengthen present companies.
“Let me emphasise that this isn’t a mortgage. It’s a grant and a seed of renewed hope that can assist you recapitalise your present companies.
“It’s my agency perception that if you empower a girl, you empower a family, a neighborhood, and certainly, a nation.
“I thank the Tony Elumelu Basis, which donated One Billion Naira to the Renewed Hope Initiative, to straight assist 18,500 girls throughout the Nation.
“500 girls from every of the 36 states and the FCT will likely be receiving N50,000 every to strengthen and recapitalise their present small companies. I will likely be presenting the sum of N50,000 every to among the preselected 500 beneficiaries at this occasion at this time,” she mentioned.
She, nonetheless, mentioned Ogun State benefitted past the preliminary allocation, as Governor Dapo Abiodun permitted a rise within the variety of beneficiaries to 1,000, praising him for what she described as his sturdy dedication to girls empowerment.
Mrs Tinubu urged the beneficiaries to make use of the grants judiciously to develop their companies, take higher care of their households and contribute to nationwide improvement.
She additionally referenced studies exhibiting that ladies play key roles in Nigeria’s social and financial improvement however usually lack entry to monetary sources, making interventions such because the Renewed Hope Initiative essential to strengthen girls’s financial empowerment.
