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Business News of Monday, 17 August 2020

Source: www.mynigeria.com

Dangote Foundation gives N160m micro grants to Kwara Women

Chief Executive Officer, Mrs. Zouera Youssoufou Chief Executive Officer, Mrs. Zouera Youssoufou

The Aliko Dangote Foundation has revealed plans to provide N160 million micro-grants to 16,000 rural women across, Kwara State.

This revelation was made by the Foundation’s Chief Executive Officer, Mrs. Zouera Youssoufou who made this known in a letter to governor, Alhaji AbdulRahman AbdulRazaq.

The foundation believes the support will go a long way to help grow the state's informal sector.

“This grant is meant for the rural women only; who are living in the 16 local government areas of the state.

“Each beneficiary will be given N10,000 while each local government is entitled to 1,000 beneficiaries”.

Subair added, “The implementation will be coordinated by a State Committee as approved by Governor AbdulRahman AbdulRazaq with representatives of Aliko Dangote Foundation, ThisDay Live reports.

“The guidelines governing data capturing, disbursement and monitoring were clearly stated by the Foundation. We shall furnish the public with more details in the coming days”.

Meanwhile, Governor AbdulRazaq has expressed appreciation to the President of Aliko Dangote Foundation, Alhaji Aliko Dangote and the board for the gesture.

The governor said, “This type of intervention can only come from a patriotic Nigerian with interest in adding value to lives of our rural dwellers.

“This administration will not rest on its oars at bringing succor to the good people of the State by latching on its goodwill within the county and beyond.”