Remi Tinubu Launches Renewed Hope Economic Initiative in Abuja and Delta

On Thursday, First Lady Senator Remi Tinubu, through her foundation, the Renewed Hope Initiative (RHI), kicked off the disbursement of recapitalization grants for 1,000 women petty traders in both Abuja and Delta State. She announced that a total of N1,850,000,000 will be distributed to 37,000 women nationwide, with each receiving N50,000 to boost and expand their businesses.

Represented by Mrs. Adedayo Benjamins-Laniyi, Mandate Secretary for the Women Affairs Secretariat and FCT State Coordinator of RHI, the First Lady noted that the event will be held simultaneously across all 36 states and the Federal Capital Territory. She highlighted the RHI's acknowledgment of the challenges faced by Small and Medium Enterprises (SMEs), particularly petty traders who are crucial to local economies.

In Asaba, Delta State, Mrs. Tinubu also launched the RHI Economic Empowerment Programme, emphasizing that empowerment is central to the Tinubu administration's objectives. She confirmed that the initiative includes recapitalization grants for 1,000 women petty traders in Delta State and has been implemented across all six geopolitical zones to support the federal government's economic reforms.

Mrs. Tinubu expressed her honor at participating in the empowerment program and thanked the Governor of Delta State, Rt. Hon. Sheriff Oborevwori, and his wife for their hospitality. She reiterated the importance of supporting women petty traders to help them overcome business challenges and contribute more effectively to the economy.

The FCT Minister of State, Dr. Mariya Mahmoud, praised the initiative for its role in empowering women entrepreneurs and strengthening their economic resilience. Represented by Hajia Maijidda Adamu Musa, FCT Coordinator of the Social Investment Programme, she highlighted the value of investing in human capital through the Renewed Hope Initiative in areas such as Economic Empowerment, Education, Health, Social Investment, and Agriculture.

Mrs. Tinubu concluded by noting that the grant of N50,000 each for the selected women petty traders is aimed at helping them expand their businesses and create more jobs. She also announced an additional N50 million grant from the Delta State government, increasing the amount each woman will receive to N100,000. She reiterated that economic empowerment is a strategic priority, essential for the prosperity of families, communities, and the nation.