Group tasks women on financial independence

The President, Paragon Social Club, Fatimah Momoh has implored women to take advantage of the country’s increasing population to start small businesses that would earn them a living to be financially independent.

“Nigeria’s population is very high, making the market very high. So, anything you offer the market, if it is good, people would buy it. With that, you earn some money, and you don’t need to depend on anybody,” she said.

She disclosed that a financial empowerment initiative has been created where members could borrow at five per cent interest, instead of borrowing from microfinance banks at 45 per cent interest, with more than six persons benefiting from the scheme.

She said women could access soft loans between N50,000 to N200,000.

A Business Development Manager, Luda Adewon, who decried Nigeria’s economic situation, noted that women have to build a future for themselves.

She said women empowerment initiatives are opportunities to upgrade and produce independent women, who do not have to depend on anybody for their daily needs.