{"id":45869,"date":"2016-05-27T08:08:26","date_gmt":"2016-05-27T07:08:26","guid":{"rendered":"http:\/\/newmail-ng.com\/?p=45869"},"modified":"2016-05-27T08:09:10","modified_gmt":"2016-05-27T07:09:10","slug":"dangote-disburses-n400m-grants-to-disadvantaged-lagos-women","status":"publish","type":"post","link":"https:\/\/newmail-ng.com\/dangote-disburses-n400m-grants-to-disadvantaged-lagos-women\/","title":{"rendered":"Dangote disburses N400m grants to indigent Lagos women"},"content":{"rendered":"
To cushion the effect of the current economic downturn, the Dangote Foundation Thursday commenced the disbursement of N400 million micro grant to 40, 000 indigent women in all the local governments in Lagos State.<\/p>\n
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 the renowned business mogul, Aliko Dangote in 1993. <\/p>\n
The programme is costing the Foundation a sum of N10 billion and six states have so far benefitted.<\/p>\n
The empowerment programme which is meant to compliment the efforts of the government at all levels is targeted at the disadvantaged and vulnerable women and youths with a one-off N10, 000.00 cash transfer to boost household income generation.<\/p>\n
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 organization would institute a scheme that would help in addressing the menace.<\/p>\n
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.<\/p>\n