Abuja — President Muhammadu Buhari has set aside N1.6 billion for empowerment of women He announced this during his broadcast to the nation to mark his one year in office.

The president said: “I would like to take this opportunity to express my appreciation for the increasing role that our women are playing in revitalizing the agricultural sector.

“Modern farming is still hard and heavy work and I salute our Nigerian women in sharing this burden.

“In this respect I am very pleased to announce that the government will shortly be launching the national women’s empowerment fund, which I have approved to provide N1.6 billion in micro-finance loans to women across the nation to assist in rehabilitating the economies of rural communities, particularly those impacted by the insurgency and conflict.”

Buhari expressed regret that for too long, Nigeria had been a society that neglected the poor and victimized the weak.

 He said : “A society that promotes profit and growth over development and freedom. A society that fails to recognize that, to quote the distinguished economist Amartya Sen ‘poverty is not just lack of money. It is not having the capability to realize one’s full potential as a human being.'”