First Lady Kickoff RHI 50k Grant Payment To 37000 Traders

Nigeria's First Lady and Chairman of the Renewed Hope Initiative, RHI, Senator Oluremi Tinubu CON has flagged off the Renewed Hope Initiative Economic Empowerment Programme for women petty traders nationwide with the disbursement of 50,000 Naira business recapitalization grant to 37,000.

You may want to also read Minister Disclosed New Date For FG Loan Disbursement

She flagged off the disbursement of the grant in Asaba, Delta State capital where 1000 petty traders benefited from the scheme. As one of the interventions under the economic empowerment program of RHI, the grant, she says, is targeted at helping petty traders overcome some of their business challenges, create more jobs, and expand the contributions of the informal sector to the national economy.

As we are all aware of the challenges faced by small and medium enterprises (SMEs), especially petty traders, who state that digital technology forms the backbone of our local economies, these challenges have not deterred our women's strength. | Salute you all and celebrate your courage 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 petty traders per state with a grant of N50,000 each to recapitalize and grow their businesses. A total of One Billion, Eight Hundred and Fifty Million Naira (N1,850,000,000.00) will be disbursed to 37,000 women petty traders across the nation.

You may want to also read NJFP Onboard 6 New TMCs To Enhance Program Effectiveness

While identifying economic empowerment as an objective that the Renewed Hope Initiative has consistently delivered on for both women and youth across the six (6) geopolitical zones of Nigeria to support the economic reforms of the administration of President Bola Tinubu.