To cushion the effect of the current economic downturn, the Dangote Foundation yesterday commenced the disbursement of N400 million micro grant to 40, 000 indigent women in all the local governments in Lagos State.
The disbursement held at the Conference Hall of Lagos Housde, Ikeja, is a continuation of grassroots poverty alleviation strategy of the Foundation set up by the renowned business mogul, Aliko Dangote in 1993. The programme is costing the Foundation a sum of N10 billion and six states have so far benefitted.
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.
Already, 256,500 women in states such 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.