By Uche Ndeke( Awka)
The Federal government has empowered a total of one thousand female petty traders in Anambra State with a recapitalisation grant of fifty thousand naira each from the Renewed Hope Initiative (RHI), Economic Empowerment Programme.
The initiative being championed by the President’s wife, Senator Oluremi Tinubu, is aimed at improving the living standards of vulnerable Nigerians, particularly, women including persons with disabilities.
While commissioning the distribution of the cash at the Anambra State Governor’s Lodge, Amawbia, Mrs Tinubu said that the Renewed Hope Initiative was all about making every woman in Nigeria self-reliant.
She noted that this was being done by providing the beneficiaries with the wherewithal and conducive environment to be economically productive and employers of labour.
According to the President’s wife, the empowerment programme of 1000 female petty traders that was taking place simultaneously across the 36 states of the Federation and the Federal Capital Territory was part of the Federal government continued commitment to driving economic growth towards a better life for families.
” 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 (N1,850,0000,000.00) will be disbursed to 37,000 female petty traders across the nation. The grants provided today are to assist our women in overcoming some of their business challenges, expanding their businesses, creating more jobs, and contributing more robustly to our economy.
“Economic empowerment remains a core objective of the Renewed Hope Initiative and we have consistently delivered on this promise for both women and youth across the six geopolitical zones to support the economic reforms of the administration of His Excellency, President Bola Ahmed Tinubu, GCFR.
“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 distribution ceremony was performed by the wife of the Governor of Anambra State, Mrs Nonye Soludo on behalf of the President’s wife at the Governor’s Lodge.
Radio Nigeria correspondent reports that the beneficiaries in their unanimous appreciation assured Mrs Tinubu and Mrs Soludo of their continued support towards a better Nigeria.
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