Remi Tinubu supports 1,000 Rivers traders with N50m grant Nigeria’s First Lady, Senator Oluremi Tinubu, has provided financial back to 1,000 women frivolous traders in the 23 Local Government Areas of Rivers State.
Senator Tinubu is the National Chairman of the Renewed Hope Initiative under whose auspices the grants were coordinated.
Wife of the Rivers State Governor, Lady Valerie Siminalayi Fubara, who is also the coordinator of the Renewed Hope Initiative in the State, presented the cheques to the 1,000 beneficiaries who received ₦50,000 each at the Banquet Hall of the Government House in Port Harcourt on Friday.
Christened, RHI’s Economic Empowerment Programme Recapitalisation Grants for 1,000 Women Petty Traders in Rivers State, the gesture gears towards driving economic growth and rising the livelihoods of frivolous traders in the State.
Delivering the message of Senator Tinubu at the event, Lady Fubara revealed the grants should assist women frivolous traders in overcoming some of their business challenges, expand their businesses, create more jobs, and contribute more robustly to the frugality of the State.
She said, “This event is taking place across the 36 States of the Federation and the Federal Capital Territory. We are all aware of the contests faced by Small and Medium Enterprises, especially the worthless 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 audacity 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 worthless traders in each state with a grant of N50,000 each to recapitalise and grow their businesses.
“A total of N1.850 billion will be disbursed to 37,000 women frivolous traders across the nation,” she said, adding that economic empowerment remains a core objective of the Renewed Hope Initiative.”
Category: World-News
Tag: Remi Tinubu supports 1000 Rivers traders with N50m grant
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Published 9/27/2024