Economic Injustice – What does the Financial Ecosystem hold for Women-led Businesses in Nigeria?

Posted on 20th January 202517th January 2025 by Añuli Aniebo

The African Development Bank Group notes a $42 billion financing gap for small and medium-sized enterprises owned by African women, posing a significant obstacle to economic development and overall wellbeing. Efforts by Tony Elumelu Foundation, Bank of Industry (BOI), W Initiative by Access Bank, having over 10 banks run by women, women taking ownership and creating ventures that fund women owned business,[…]

Financing Women Owned MSMEs- Financial Investors Need To Be More Inclusive

Posted on 20th March 202420th March 2024 by Añuli Aniebo

Female entrepreneurs in Nigeria contribute to 50% of the Nation’s Gross Domestic Product (GDP). McKinsey Global Institute implies that this can go up to 19% in 2025 (up to 90 billion Dollars) if the systems are inclusive and equitable towards women in micro, medium small enterprises (MSMEs). But how can this happen when only 10% of commercial loans go towards women’s businesses and Nigerian women own 40% of businesses?