Wife of Nigeria’s President, Oluremi Tinubu on Thursday distributed N50,000 each to 1000 women petty traders in Anambra to support their endeavours and drive economic growth in the country.
Oluremi represented by the Wife of the Anambra State Governor, Dr Nonye Soludo, distributed the grants during the flag off of the Renewed Hope Initiative (RHI) Economic empowerment programme in Awka.
Tinubu’s wife had on Aug. 15, inaugurated the RHI Economic Empowerment Programme Recapitalisation Grant for 1000 Women Petty Traders in each of the 36 states and FCT
She said that Small and Medium Enterprises (SMEs), especially women petty traders form the backbone of Nigeria’s local economies.
She said that empowering women economically was strategic to assist them in overcoming their business challenges, expand their businesses, create more jobs, and contribute more robustly to nation’s economy.
According to her, economic empowerment remains a core objective of the RHI to support the economic reforms of the administration of President Bola Ahmed Tinubu.
“The empowerment of 1000 women petty traders across the nation is a part of our continued commitment to drive economic growth towards a better life for families.
“We are all aware of the challenges faced by petty traders, who form the backbone of our local economies. These challenges, however, have not deterred the strength of our women to put food on the table for their families.
“Today, through the RHI 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.
“Women traders are the heart of our local economies, we celebrate your hard work and determination. When women thrive, their families thrive, and by extension, our communities and nation prosper,” she said.
While distributing the N50,000 recapitalisation grant to each of the 1000 women petty traders in the Anambra, Soludo urged the beneficiaries to utilise the money to grow their businesses and be self-reliant.
She also urged them to continue to pray for the success of the federal and state governments as they strive to better the lots of Nigerians.
One of the beneficiaries, Mrs Cordelia Anene appreciated the First Lady and Mrs Soludo for prioritising the welfare of women in the country.
“This money is coming at a time when we need it the most. It will surely go a long way to boost our trades and support our families,” she said.
The event featured cooking and dancing completions organised by PZ Wilmar makers of Mamador oil, where gift items were given to winners by Ms Esther Bankole, Area Sales Manager of Mamador in Onitsha.
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