Remi Tinubu Initiates N1.8bn Grant to Boost Women’s Businesses, Benefiting 37,000 Nationwide

A groundbreaking initiative, Renewed Hope Initiative (RHI), led by Senator Oluremi Tinubu, is poised to provide crucial financial assistance to a staggering 37,000 women nationwide. The announcement was made on Thursday in Benue State, where a symbolic presentation of food items took place, benefiting Internally Displaced Persons, individuals with disabilities, and other vulnerable populations. In Senator Tinubu’s absence, Mrs. Nana Shettima, spouse of the Vice President, represented her and unveiled the innovative program aimed at empowering women and fostering economic growth.”

Under the RHI economic empowerment program, 1,000 women from each state and the Federal Capital Territory will receive a re-capitalisation grant of ₦50,000.

The initiative aims to empower women and provide them with the financial resources needed to support their livelihoods and businesses.

She said, “I am pleased to inform you that the governing council of the Renewed Hope Initiative have graciously approved a business re-capitalisation grant of N50,000 for 1000 women petty traders in each state and the FCT to support their businesses as part of our renewed hope initiative for women economic programme.

“This programme will be launched on the 22nd of August simultaneously across the country.”

She said the programme was designed to provide support to the underprivileged in line with the resolve of President Tinubu to leave no one behind in ensuring food security and sufficiency in the country.

While urging the beneficiaries to make use of the items, Senator Tinubu added that under the programme, a truckload of assorted food items is donated for onward distribution to the targeted groups in the state.

Earlier in his address, the state governor, Rev Fr Hyacinth Alia, appreciated the president’s wife for her support to Benue women, especially, those living with disabilities and vulnerable people.

The governor who was represented by his deputy, Sam Ode, promised that his administration would complement the efforts of the president’s wife by augmenting the distribution of the items to the most vulnerable people in the state.

Alia who described the President as a father and friend of the state also commended Vice President Kashim Shettima for his continuous support to the state and said that the state has benefited so much from the Renewed Hope Initiative.