Agency The First Lady, Senator Oluremi Tinubu, has disbursed N65 million grant to 1,300 women petty traders in the Federal Capital Territory. Mrs Tinubu explained during the event in Abuja on Thursday, that each of the women would receive N50,000 to grow and recapitalise their businesses. The First Lady was represented at the event by Dr Adedayo Benjamins-Laniyi, Mandate Secretary, Women Affairs Secretariat, FCT Administration.
She said that the grant was to assist women petty traders in overcoming some of their business challenges, expand their businesses, create more jobs, and contribute more robustly to the nation`s economy. She explained that the recapitalisation grant was under her Renewed Hope Initiative Economic Empowerment Programme. “This is a commitment towards economic growth, towards a better life for families.
“We are all aware of the challenges faced by small and medium enterprises, especially our petty traders, who form the backbone of our local economy “These challenges, however, have not deterred the strength of our women. I salute you all and celebrate your resilience and courage that keep you going to put food on the table for your families,” she said. She explained that a total of N1.
85 billion was being disbursed to 37,000 women petty traders across the 36 states of the federation and the FCT. She said that economic empowerment remained the core object of the Renewed Hope Initiative and had delivered on this promise for both women and youth across.