The Presidency of Nigeria, through its official X (formerly Twitter) channel, has proudly announced the launch of a transformative initiative spearheaded by the First Lady, Oluremi Tinubu. In a decisive move to empower petty traders across the nation, the First Lady has officially flagged off the RHI Business Recapitalization Grant, a program designed to breathe new life into small-scale enterprises.
The initiative, which is set to impact thousands of traders, underscores the administration’s commitment to fostering economic growth from the grassroots level. The grant is aimed at providing much-needed capital to petty traders, enabling them to expand their businesses, improve their livelihoods, and contribute more significantly to the national economy.
Speaking at the launch, First Lady Oluremi Tinubu emphasized the importance of supporting the often-overlooked segment of small business owners who form the backbone of Nigeria’s informal economy. “This grant is not just about financial support; it’s about giving our traders the confidence and resources they need to succeed,” she stated, highlighting her vision of a more inclusive and prosperous Nigeria.
The RHI Business Recapitalization Grant is a key component of the Renewed Hope Initiative (RHI), a program that aligns with President Bola Tinubu’s broader agenda to uplift the economically disadvantaged and promote sustainable development across the nation. This grant is expected to catalyze significant positive changes in the lives of the beneficiaries, enabling them to scale their businesses and improve their communities.
The launch of this grant marks a pivotal moment in the administration’s efforts to create a more equitable society where every Nigerian has the opportunity to thrive. The First Lady’s involvement in this initiative signals her dedication to championing the cause of the underprivileged and ensuring that the benefits of economic growth reach all corners of the nation.
With the RHI Business Recapitalization Grant now in full swing, petty traders nationwide can look forward to a future filled with renewed hope and opportunities for growth. The Presidency has encouraged all eligible traders to take advantage of this opportunity and participate in the initiative, which promises to be a game-changer for Nigeria’s small business sector.
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