ABUJA — Towards ameliorating widespread poverty in Nigeria and appropriately empowering both women and youths across the 774 local governments in Nigerian, Dangote Foundation has continued the disbursement of N10 billion grants to women and youths in the local governments across the country.
The fund disbursement is meant to enable recipients to meet immediate family and livelihood needs by providing a one-time grant to start up enterprises that will boost their economic and consumption activities and help reduce their vulnerability.
Speaking at the continuation of the disbursement in Lokoja, Kogi State, President, Dangote Foundation, Aliko Dangote said the Foundation in response to the widespread poverty in Nigeria, in 2011, instituted a cash transfer intervention – the Dangote Micro-grants Programme- to provide cash transfers to select poor and vulnerable Nigerians.
The disbursement is expected to be completed in 24 months.
He explained that the cash transfer intervention focused on women who bear the greatest brunt of poverty.
He said: “Our Programme provides a one-off grant that enables recipients to grow or start an enterprise, invest in product assets, improve the health of their families, and/or take on new activities that reduce their vulnerability and enhance their economic standing. It has successfully assisted women and their families in Kano and Jigawa states.”
According to the business mogul, the cash transfer intervention Programme is national in scope and will systematically cover all the 774 local government areas of Nigeria.