FG Allocates Support for 2 million Women in Agribusiness

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The Federal Government announced on Thursday that it has allocated financial resources to support two million women engaged in agribusiness activities nationwide.

This revelation coincided with the presentation by the wife of the President, Oluremi Tinubu, of bank drafts worth N10 million each to the wives of governors.

These funds aim to bolster women and youth farmers, enabling them to produce food and generate income.

In a statement issued in Abuja, the Executive Secretary of the National Agricultural Land Development Authority (NALDA), Paul Ikonne, disclosed that the First Lady launched the Renewed Hope Initiative in Owerri, Imo State.

This initiative is part of a broader effort to enhance food production by women farmers.Ikonne emphasized NALDA’s commitment to collaborating with the First Lady in promoting agribusiness among women, especially the younger generation. The agency has earmarked resources for two million women under this program.

The Renewed Hope Initiative, initiated by the First Lady, is a grassroots scheme designed to uplift the lives of Nigerians across the six geopolitical zones. Geared towards empowering women farmers and addressing poverty, the scheme was inaugurated by Tinubu in partnership with NALDA.

During her address, the President’s wife highlighted the initiative’s alignment with the national agenda to strengthen the agricultural sector. She stressed the significant role that agriculture and agribusiness activities play in achieving sustainable development and ensuring food sufficiency.

The program is a dual-purpose initiative, aiming to support 20 women farmers per state with a grant of N500,000 each, totaling N10 million per state.

At the event, the First Lady presented bank drafts of N10 million each to the Southeast first ladies.Prominent figures attending the event included the wife of the Vice-President, Nana Shettima, the wife of the Senate President, Ekaette Akpabio, wives of Southeast state governors, and the wife of the Chief of Staff to the President, Salamatu Gbajabiamila, among others.

Traditional rulers, industrialists, women cooperative groups, stakeholders, and beneficiaries from all Southeast states were also present.The wife of the Imo State Governor and Zonal Chairman, South-East, Renewed Hope Initiative, Chioma Uzodimma, expressed gratitude to President Bola Tinubu and his wife for their support and commitment to the success of the initiative.

The event featured the showcase and distribution of various agricultural inputs to 200 beneficiaries from the South-East, including maize seeds, liquid fertilizers, herbicides, and poultry resources for sustainable farming practices.

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