By Alexis Uchendu
The Frugal Empowerment Foundation has disbursed ₦10 million in grants to 100 female petty traders in Abuja, with each beneficiary receiving ₦100,000 to enhance their businesses.
The initiative, executed under the Foundation’s Small Business Empowerment (SBE) scheme, is aimed at supporting financially vulnerable women.
Since its inception in 2019, the scheme has empowered hundreds of women across Nigeria, aligning with the Foundation’s mission to combat poverty and uplift underserved communities globally.
Speaking at the event, Peter Osezua, founder of the Foundation and popularly known as “Frugal,” stressed the importance of empowering women to attain financial independence.
“This initiative targets women who are financially struggling to sustain or grow their businesses.
“By providing these grants, we aim to strengthen existing ventures and encourage new ones,” Osezua said.
Osezua, who is based in London, highlighted the Foundation’s extensive impact since 2017, boasting over two million community engagements globally and more than 500 women empowered in Nigeria alone.
Esther Tawasimi, Special Adviser to the Abuja Municipal Area Council (AMAC) Chairman on Women Affairs, praised the initiative, describing it as a unique opportunity to directly uplift market women and petty traders.
She reaffirmed AMAC’s dedication to empowering low-income earners through various programs, including training in fashion design, fish farming, and catering.
Tawasimi also announced plans by AMAC to empower 300 women and 300 youths in December, with a focus on ICT skills for young girls.
“Empowering women and youths is a core passion of my chairman, and we remain committed to supporting those with limited financial resources,” she stated.
This event highlights the increasing efforts of non-governmental organizations and local councils to address the financial challenges faced by vulnerable women, fostering economic growth and self-reliance in local communities.