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Insurance, knowledge, others panacea for COVID-19 effect on women businesses

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Knowledge, insurance, mentorship and coaching have been listed as measures to cushion the effect of the pandemic on women-owned businesses.

This was disclosed at the Ready to Inspire Campaign, themed: “Take Control in Uncertain Times” organised by Future Females Invest (FFI) in partnership with Old Mutual Nigeria.

Managing Director, Management Transformation Limited (MT), Wuraola Abiola, said that an economically-empowered woman was highly beneficial to the society as they are the economic backbones of families and communities.

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“Africa has the largest proportion of women creating and running businesses. Ninety per cent of African women positively contribute to the economy and typically invest up to 90 per cent of their income in education, health and nutrition of their family and community,” Abiola said.

She noted that FFI seeks to empower women financially through programmes, initiatives and training for entrepreneurs, women leaders and professional women, adding that the intent of the campaign is to equip women to achieve aspirations and engage in purposeful and impactful networking.

Executive Head, Marketing and Customer Experience, Old Mutual, Alero Ladipo, noted that the insurance industry helps growth and development of the economy by encouraging individuals to secure their future through risk management, savings and investments.


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COVID-19Wuraola Abiola
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