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Stakeholders canvass financial inclusion for women-owned enterprises

By Silver Nwokoro 
27 March 2025   |   2:25 am
Stakeholders have advocated enhanced financial inclusion for women-owned enterprises in Nigeria, emphasising the need for actionable solutions to bridge the financing gap.
Micro, Small and Medium Enterprises (MSMEs)

Stakeholders have advocated enhanced financial inclusion for women-owned enterprises in Nigeria, emphasising the need for actionable solutions to bridge the financing gap.

 
The call was made at a Stakeholder Engagement Session on Enhancing Access to Finance for Women-Owned Enterprises in Nigeria, organised by the British Council. 
  
The summit, themed “Collaborative Action for Enhancing Access to Finance for Women-Owned Enterprises in Nigeria,” was to foster collaboration among key stakeholders, including regulators, financial institutions, Micro, Small, and Medium Enterprises (MSME) representatives, and development partners.
 
It also reinforced the urgent need for collaborative efforts between the public and private sectors to close the financing gap and empower women in the Small and Medium Enterprises (SME) sector, ultimately contributing to the country’s economic growth and sustainable development.
 
Speaking at the event, British Council Country Director, Donna McGowan, highlighted the organisation’s commitment to supporting enterprise development, particularly for women-led businesses.
 
“This summit is part of the British Council’s efforts to support enterprise development in Nigeria. In 2023–2024, through the Investment Climate Reform initiative, we supported a study on enhancing access to finance for women-owned enterprises. One key recommendation from that study was to convene a stakeholder summit to review the report’s findings and develop actionable implementation plans,” she said.  
  
McGowan underlined the need to boost awareness of gender-inclusive finance mechanisms, ensuring equal opportunities across genders. 
  
According to her, this aligns with the British Council’s Youth Enterprise Challenge Programme, which equips young people, including women, with requisite skills and confidence for entrepreneurship.
 
The director in charge of Monitoring and Evaluation at the agency, Onesi Lawani, acknowledged that women constitute nearly 41 per cent of Nigeria’s MSME sector yet face significant challenges in accessing finance. 

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