Wife of the President, Senator Oluremi Tinubu has empowered 500 women entrepreneurs drawn from 33 local government areas with N25m to boost their businesses.
The project which is co-sponsored by the Renewed Hope Initiative (RHI) and Tony Elumelu Foundation is aimed at empowering the women in all the states of the Federation.
Tinubu while speaking through the wife of the acting governor, Oyo State, Chief Ajibola Lawal, at the presentation of the N50,000 cash to each of the 500 beneficiaries in Ibadan on Monday stated that the empowerment was not a loan, but a grant and a seed of renewed hope to helped beneficiaries to recapitalize their existing businesses.
She said, “It is my firm belief that when you empower a woman, you empower a household, a community, and indeed, a nation.
“I thank the Tony Elumelu Foundation, who donated One Billion Naira to the Renewed Hope Initiative, to directly support 18,500 women across the Nation.
“Five hundred women from each of the 36 states and the FCT will be receiving N50,000 each to strengthen and recapitalize their existing small businesses.
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“I thank the Tony Elumelu Foundation once again for this support. May this act of generosity inspire many more across our nation.”
In her remark, the Commissioner for Women Affairs and Social Inclusion, Mrs Toyin Balogun thanked RHI for the empowerment.
She however urged beneficiaries of the empowerment to use it judicious and not to see as a token towards their financial turnaround.
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