By Omodele Adigun
Nigeria’s First Lady Sen. Oluremi Tinubu, has partnered with the Tony Elemelu Foundation (TEF) to disburse N50,000 business grants to 500 small business women in Katsina State.
According to the wife of the state Governor, Hajiya Zulaihat Radda, the disbursement of the small business recapitulation grants was designed to promote economic development at the grassroots level.
Speaking at the event which was held on Monday, Radda, said the occasion carried deep meaning for the people.
She said, “This programme has been rolled out across states of the federation to ensure that hard-working women and families are given the support they need to build a better tomorrow.
“From the beginning of this administration, we have remained committed to the belief that the true strength of our society is not measured by the wealth of a few, but by the well-being and opportunities available to all.
“Small businesses are the backbone of our economy. They sustain households, educate children, provide services, and create jobs.
“Yet, too often, they struggle to access the capital required to grow, compete, and withstand economic shocks. Sadly that enterprises owned by women are the most affected.”
According to her, it was in recognition of this reality that the Renewed Hope Initiative (RHI), a pet project of the first lady, was established.
She said that through this initiative, women across the country have received mentorship training, and access to resources that have helped them transition from small roadside trading into successful and sustainable businesses.
“Today, with this re-capitalization grant, we’re building on that progress by giving many more women the opportunity to strengthen their enterprises and expand their dreams.“My message to all women who will benefit from this grant is simple but important, this is not just financial support, it is trust.
“I trust you to use these funds wisely-to grow your businesses, employ others, and become role models for those who will come after you,” she advised the beneficiaries.
According to her, the beneficiaries’ success will be the evidence that empowerment works, and their stories will encourage others to believe in their own potential.
She added, “I believe with all my heart that prosperity is not the privilege of a few, it is the right of every woman, every young person, and every family.
“And together, through the Small Business Re-Capitalization Grant, we are showing that when leadership listens, when partnerships work, and when women are empowered, hope is not only renewed, it is realised.”
