The Yobe state governor, Mai Mala Buni, Wednesday, launched an empowerment with investment of over N2.9 billion to 40,500 beneficiaries in the state.
Speaking at the occasion, Governor Buni said the event marked the launch of two transformative initiatives in the state.
He stated that the state supported 25,500 flood victims and vulnerable groups with an investment of ₦1.43 billion and providing financial assistance of ₦50,000 to each of the beneficiaries to help them rebuild their lives.
According to Buni, in recognition of the vital roles of micro and small businesses in driving grassroots economic growth, the state was disbursing ₦1.5 billion to support 15,000 small business owners and entrepreneurs to foster financial inclusion, and stimulate local economies.
He revealed that each beneficiary would receive ₦100,000 to grow their businesses and sustain their livelihoods, adding that this brought to a total of over N2.93 billion support to the beneficiaries.
“These initiatives reflect the guiding principles of our administration to protect the vulnerable, empower our citizens, and create pathways for self-reliance and prosperity.
“By investing in the flood victims, vulnerable groups and small business owners, we are addressing immediate recovery needs and laying the foundation for long-term economic resilience.
“The Multi-Purpose Cash Assistance (MPCA) programme we propose aligns with the global best practices and addresses the diverse needs of our citizens. We deliberately adopted direct funds transfer to empower the beneficiaries to prioritise their most urgent needs, promote dignity, accountability, and economic recovery”, Governor Buni said.
He reiterated the commitment of his administration to the Renewed Hope initiative by rendering more support to women, people with disabilities, the elderly, and other vulnerable persons.