Oluremi Tinubu empower 500 Oyo female entrepreneurs with N50,000 grant each

The First Lady, Senator Oluremi Tinubu, has provided financial support to 500 women entrepreneurs in Oyo State, giving each of them ₦50,000 to strengthen their businesses.

The support was delivered under her Women Economic Empowerment Programme of the Renewed Hope Initiative.

The beneficiaries received the grants on Monday, September 1, at an event in Ibadan, the Oyo State capital.

Represented by Tamunominini Makinde, wife of the Oyo State Governor, Tinubu explained that the initiative was designed to encourage hardworking women traders and small-scale business owners who are striving daily to care for their families, educate their children, and contribute to community development.

She stressed that the ₦50,000 was not a loan but a grant, ‘a seed of renewed hope’, to help women recapitalise and grow their existing businesses.

“It is my firm belief that when you empower a woman, you empower a household, a community, and indeed, a nation,” Tinubu said.

“I thank the Tony Elumelu Foundation, who donated one billion naira to the Renewed Hope Initiative, to directly support 18,500 women across the nation.

“Five hundred women from each of the 36 states and the FCT will be receiving N50,000 each to strengthen and recapitalise their existing small businesses.

“I thank the Tony Elumelu Foundation once again for this support. May this act of generosity inspire many more across our nation,” she said.

Speaking at the event, the Commissioner for Women Affairs and Social Inclusion, Toyin Balogun, appreciated RHI for the empowerment.

Balogun enjoined the empowered beneficiaries not to see the money as a token for their financial turnaround, but to be used judiciously.