Dangote give out N40m Grants to Disadvantaged Lagos Women

Dangote to invest $4.6 billion in agriculture

To lessen the effect of the current economic downturn, the Dangote Foundation, yesterday, started the disbursement of N400 million micro grant to 40, 000 impoverished women in all the local government areas in Lagos State.
The disbursement held at the Conference Hall of Lagos House, Ikeja, is a continuation of grassroots poverty alleviation strategy of the Foundation set up by Africa’s richest man, Aliko Dangote, in 1993.
The programme is costing the Foundation N10 billion and six states have so far benefitted.
The Foundation noted that the empowerment programme which was meant to compliment the efforts of the government at all levels was targeted at the disadvantaged and vulnerable women and youths with a one-off N10, 000.00 cash transfer to boost household income generation.
Dangote, the Chairman of the Foundation, had expressed concern over widespread poverty among the people especially the youths and the women at the grassroots and promised that his organisation would institute a scheme that would help in addressing the menace.
“Consequently, the Dangote Foundation came up with a micro grant scheme aimed at empowering the grassroots dwellers with funds to help them undertake petty trading so as to lift their economy.
“Already, 256,500 women in states such as Kano, Jigawa,, Kogi, Adamawa, Borno, and Yobe have benefited from the scheme that is expected to move round all the 774 local government areas across the nation.
“However, for the first time since the programme started, the beneficiaries in Lagos are also to be given hand held mobile devices through Airtel telecommunication, while disbursement would be via electronic payments.”
The programme, according to Dangote was to cover at least 1000 women in each of the 774 local governments in a bid to assist the federal government in the onerous task of poverty reduction by equipping the vulnerable women with some money to help them start a trade to improve family life. However, the number of beneficiaries in Lagos has been doubled in each local government in other to reach out to a larger population of women.
“We have chosen to partner with State governments to support women because in Nigeria, as in other developing countries, they bear the burden of poverty. And it is through their economic activities from the home, the market place or the farmlands that they keep the family, the community going meeting basic needs.
“Our research at Dangote Foundation shows that just a little push can help establish, sustain or grow several types of economic activities by our women. We believe these small grants will improve the women’s businesses and the wellbeing of their families and communities.
“This is one of the goals of Dangote Foundation’s Community Development Services.
“The Dangote Foundation sends its wishes to the women who will benefit from our grant and indeed from other government initiatives. It is their efforts and business success that will strengthen family and community bonds that are needed to transform this great state and this great country”, he said.

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