Introduction to Renewed Hope Initiative
The First Lady, Sen. Oluremi Tinubu, on Thursday in Akure, gave out grants to 500 small scale women entrepreneurs in Ondo State under the Renewed Hope Initiative (RHI) in collaboration with the Tony Elumelu Foundation. Mrs Tinubu, who was represented by Mrs Oluwaseun Aiyedatiwa, wife of Ondo State governor, said the grant was to boost small businesses in the state.
Objective of the Economic Empowerment Programme
“This economic empowerment programme is about supporting the entrepreneurial spirit of our women traders and small scale business owners, who wake up each day to provide for their families, educate children and uplift their communities. Let me let you know that this is not a loan. It’s a grant and a seed of renewed hope to help you recapitalise your existing businesses,” she said.
Collaboration and Funding
The First Lady, who commended Tony Elumelu Foundation for the donation of N1 billion toward the initiative, noted that it would cut across the nation. According to her, each beneficiary will receive N50,000, while a total of 18,500 will benefit across the nation. Mrs Tinubu extended her gratitude to Gov. Lucky Aiyedatiwa and his wife for their support in executing all programmes of RHI.
Response from State Officials
Also speaking, the state’s Commissioner for Women Affairs and Social Development, Dr Seun Osamaye, said that the Aiyedatiwa-led administration had enabled the state to benefit immensely from the Federal Government. Osamaye thanked the First Lady and the governor’s wife for their support, as well as the foundation for the initiative.
Publication Details
Published By Magdalene Ukuedojor. Edited by Remi Koleoso/Folasade Adeniran.
Conclusion
The Renewed Hope Initiative is a significant step towards empowering women entrepreneurs in Nigeria. With the collaboration of the Tony Elumelu Foundation, the initiative aims to provide grants to 18,500 beneficiaries across the nation, promoting economic growth and development.
FAQs
- What is the Renewed Hope Initiative?
The Renewed Hope Initiative is an economic empowerment programme aimed at supporting women traders and small scale business owners in Nigeria. - Who is collaborating with the Renewed Hope Initiative?
The Tony Elumelu Foundation is collaborating with the Renewed Hope Initiative, donating N1 billion towards the programme. - How many beneficiaries will receive grants under the initiative?
A total of 18,500 beneficiaries will receive grants of N50,000 each across the nation. - What is the objective of the economic empowerment programme?
The objective of the programme is to support the entrepreneurial spirit of women traders and small scale business owners, providing them with a grant to recapitalise their existing businesses.
