By Ajibola Adedoye
Nigeria First Lady, Senator Oluremi Tinubu has distributed N50,000 each to 1000 women petty traders in Anambra to support their endeavours and drive economic growth in the country
During the event on Thursday, August 22, 2024, the First Lady Oluremi, represented by Dr Nonye Soludo, wife of Anambra State Governor, distributed the subventions during the flag off of the Renewed Hope Initiative (RHI) Economic Empowerment Programme in Awka.
Recall that on August 15, 2024, the First Lady, inaugurated the RHI Economic Empowerment Programme Recapitalisation Grant for 1000 Women Petty Traders in each of the 36 states and FCT
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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 help them in overcoming their business challenges, expand their businesses, produce further jobs, and contribute further robustly to nation’s economy.
According to her, economic empowerment remains a core ideal of the RHI to support the profitable reforms of the administration of President Bola Ahmed Tinubu.
“The empowerment of 1000 women petty traders across the nation is a part of our uninterrupted commitment to drive profitable growth towards a better life for families.
“We are all apprehensive of the challenges faced by petty traders, who form the backbone of our local economies. These challenges, still, have not dissuaded the strength of our women to put food on the table for their families.
“Today, through the RHI Economic Empowerment Programme, we are furnishing 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 prompted the traders to use the fund received to grow their businesses and be self-reliant.
She also prompted them to continue to supplicate for the success of the federal and state governments as they strive to better the lots of Nigerians.
Mrs Cordelia Anene, one of the beneficiaries appreciated the First Lady and Mrs Soludo for prioritising the welfare of women in the country.
“This fund 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.
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