Senator Oluremi Tinubu distributed N50 million in grants to 1,000 women in Ogun State. This move supports small business owners. Moreover it highlights efforts to boost women’s economic roles.
Event Highlights
The ceremony occurred at the June 12 Cultural Centre in Abeokuta. Mrs. Bamidele Abiodun represented the First Lady. She handed out the funds on Wednesday. Furthermore the event drew women from across Ogun State.
Governor Dapo Abiodun approved extra spots for beneficiaries. As a result, Ogun reached 1,000 women instead of the usual 500.
Details of the Grants
Each woman received N50,000 as a grant. Tinubu stressed that these funds are not loans. Instead, they serve as seeds for business growth. Consequently recipients can strengthen their ventures without repayment worries. The grants aim to recapitalize existing small businesses. This helps women overcome financial barriers.
Background and Support
The Renewed Hope Initiative drives this program. The Tony Elumelu Foundation donated N1 billion nationwide. Therefore, 18,500 women across Nigeria benefit. Each state and the FCT gets support for 500 women.
Ogun expanded its share due to the governor’s focus on empowerment. In addition, similar distributions happened in states like Enugu and Kaduna.
Impact on Women Empowerment
Tinubu believes empowering women uplifts households and communities. She urged wise use of the funds. Thus families and the nation gain from stronger businesses.
Reports show women play key roles in Nigeria’s development. However limited finance hinders them. This initiative addresses that gap.
Responses and Quotes
Tinubu praised the foundation and governor. She said, “When you empower a woman, you empower a nation.” Beneficiaries expressed gratitude. In conclusion, the program fosters economic independence.
