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NNEW seeks funding to tackle sectoral challenges, marks anniversary


The Nigeria Employers’ Consultative Association (NECA) Network of Entrepreneurial Women (NNEW) has called on the government to facilitate easy access to finance to boost entrepreneurship.
The group said if this was adequately tackled, it would give women entrepreneurs more leverage to become employers of labour and empower more women to contribute to national development.
President of NNEW, Mrs. Funmilayo Arowoogun, said this over the weekend during the 15th anniversary celebration of the association in Lagos.She said women entrepreneurs contribute to the nation’s gross domestic product (GDP) and help to reduce unemployment rate and other challenges.

She said the group intended to leverage more opportunities to enable more women to contribute to nation building.
Arowoogun said NNEW was established to provide its members with access to information on business and socio-economic matters, opportunities for capacity building through training and facilitate access to finance through business-promoting organisations.
Also, Vice President, NNEW, Mrs. Olakintan Wellington, maintained that the network has contributed immensely to national development through policy formulation.
She said: “We help women in their businesses, empower them in capacity building and ICT. We do advocacy and influence policies. We also contribute to the nation’s GDP, we contribute to the economy and we have also helped to reduce the rate of unemployment and other challenges.”

She affirmed that the last 15 years of the Network had witnessed major transformation, beginning from the pioneer members who have grown their businesses to eviable heights.

Among other achievements, she said the Network has birthed NNEW Cooperative Multipurpose Society Limited, NNEW Women Microfinance Bank and NNEW Academy, which was accredited by the Central Bank of Nigeria (CBN) as Entrepreneural Development Institute.
Ahead of the upcoming summit, Chairperson, NNEW Summit 2020 Planning Committee, Mrs. Bolanle Edwards, said the event slated for October 22 to 23, 2020, would focus on sectoral mastery of business by participants, business mentoring, opportunity of access to market and business expansion. 

Wellington added that “NNEW is formidable force in women’s economic empowerment as we have supported over 3,000 women-owned businesses with loans and credit through the NNEW Microfinance Bank and NNEW Cooperative Multipurpose Society.”

We have continuously pushed the frontier of advocacy and issues that could have negative effect on women’s socio-economic wellbeing.”

As part of the celebrations, the association marked its anniversary as Business Membership Organisation (BMO) and also unveiled 7th edition of annual summit with the theme, “Moving to Mastery.”


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