Remi Tinubu Disburses N50 Million to 1,000 Women Entrepreneurs in Ogun State
Nigeria’s First Lady, Senator Oluremi “Remi” Tinubu, distributed N50 million in grants to 1,000 women entrepreneurs in Ogun State under the Renewed Hope Initiative. Each recipient received N50,000 to support their existing small businesses.
Objective: The programme aims to strengthen women’s economic participation, empower small business owners, and improve financial inclusion.
Support and Partnership: The initiative is backed by the Tony Elumelu Foundation, which contributed N1 billion nationwide to support approximately 18,500 women across Nigeria.
Event Details: The grant presentation took place at the June 12 Cultural Centre in Kuto, Abeokuta, and Mrs. Tinubu was represented by Mrs. Bamidele Abiodun, wife of the Ogun State Governor.
Grant Nature: Beneficiaries were informed that the funds are grants, not loans, and are not required to be repaid.
Governor’s Role: Governor Dapo Abiodun increased Ogun State’s allocation to 1,000 beneficiaries, demonstrating commitment to women’s empowerment.
Call to Beneficiaries: Mrs. Tinubu urged recipients to use the grants responsibly to grow their businesses, improve livelihoods, and contribute to national development.
Broader Context: Access to finance remains a significant challenge for Nigerian women, making initiatives like the Renewed Hope Initiative crucial for economic inclusion.
The programme is part of ongoing efforts by the First Lady and the Tony Elumelu Foundation to foster entrepreneurship, reduce financial barriers, and promote sustainable development among women across Nigeria.
Nigeria’s First Lady, Senator Oluremi “Remi” Tinubu, distributed N50 million in grants to 1,000 women entrepreneurs in Ogun State under the Renewed Hope Initiative. Each recipient received N50,000 to support their existing small businesses.
Objective: The programme aims to strengthen women’s economic participation, empower small business owners, and improve financial inclusion.
Support and Partnership: The initiative is backed by the Tony Elumelu Foundation, which contributed N1 billion nationwide to support approximately 18,500 women across Nigeria.
Event Details: The grant presentation took place at the June 12 Cultural Centre in Kuto, Abeokuta, and Mrs. Tinubu was represented by Mrs. Bamidele Abiodun, wife of the Ogun State Governor.
Grant Nature: Beneficiaries were informed that the funds are grants, not loans, and are not required to be repaid.
Governor’s Role: Governor Dapo Abiodun increased Ogun State’s allocation to 1,000 beneficiaries, demonstrating commitment to women’s empowerment.
Call to Beneficiaries: Mrs. Tinubu urged recipients to use the grants responsibly to grow their businesses, improve livelihoods, and contribute to national development.
Broader Context: Access to finance remains a significant challenge for Nigerian women, making initiatives like the Renewed Hope Initiative crucial for economic inclusion.
The programme is part of ongoing efforts by the First Lady and the Tony Elumelu Foundation to foster entrepreneurship, reduce financial barriers, and promote sustainable development among women across Nigeria.
Remi Tinubu Disburses N50 Million to 1,000 Women Entrepreneurs in Ogun State
Nigeria’s First Lady, Senator Oluremi “Remi” Tinubu, distributed N50 million in grants to 1,000 women entrepreneurs in Ogun State under the Renewed Hope Initiative. Each recipient received N50,000 to support their existing small businesses.
Objective: The programme aims to strengthen women’s economic participation, empower small business owners, and improve financial inclusion.
Support and Partnership: The initiative is backed by the Tony Elumelu Foundation, which contributed N1 billion nationwide to support approximately 18,500 women across Nigeria.
Event Details: The grant presentation took place at the June 12 Cultural Centre in Kuto, Abeokuta, and Mrs. Tinubu was represented by Mrs. Bamidele Abiodun, wife of the Ogun State Governor.
Grant Nature: Beneficiaries were informed that the funds are grants, not loans, and are not required to be repaid.
Governor’s Role: Governor Dapo Abiodun increased Ogun State’s allocation to 1,000 beneficiaries, demonstrating commitment to women’s empowerment.
Call to Beneficiaries: Mrs. Tinubu urged recipients to use the grants responsibly to grow their businesses, improve livelihoods, and contribute to national development.
Broader Context: Access to finance remains a significant challenge for Nigerian women, making initiatives like the Renewed Hope Initiative crucial for economic inclusion.
The programme is part of ongoing efforts by the First Lady and the Tony Elumelu Foundation to foster entrepreneurship, reduce financial barriers, and promote sustainable development among women across Nigeria.
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