UK donates N41.6 billion in financial support to Nigerian women entrepreneurs

The need to equip Nigerian women with the skills to take on leadership positions within the business ecosystem across the country has received a N41.6bn (£74m) boost from the government British.

Dropping that clue at Nigeria Info’s recent Glass Ceiling 2022 conference in Lagos, British High Commission Policy Adviser Jonathan Bacon said that to support Nigerian women’s entrepreneurial activities, £74 million has been dedicated by the British government to help empower women. owned companies across the country.

He said: “During the recent visit of Vicky Ford, British Minister for Africa, to Nigeria in February 2022, she announced a new financial package of £74 million (41.6 billion naira) to support women entrepreneurs across Nigeria who face disproportionate barriers. to business.

This aims to scale up the business operations of female entrepreneurs, as well as improve the Nigerian economy. Commenting on the need for organizations to support the inclusion of women, Jonathan Bacon noted that women play a critical role in driving critical change.

“Employers should strive to create a culture where people, especially women, can thrive while ensuring that a support system is developed within the structure of the workplace.

This is seen as necessary because the UK government has recognized that women and girls play a vital role in promoting the economic growth that will invariably lift millions out of poverty globally.

He further noted that the UK Government’s desire to champion conversations around women’s inclusion is grounded in the fact that women’s rights are human rights, stating: “Our action for women’s inclusion is guarded by three E’s – educating girls; socio-economic and political empowerment of women; end violence against women and girls.

These three Es underpin the development work that the UK government is carrying out across Nigeria. Urging women to break down prejudices in the Nigerian business landscape, Efe Ukala, the founder of ImpactHER, advised women to have a structured plan in order to overcome any challenges they might face.

She said: “Breaking down biases in the boardroom forces you as a woman to rise to the top no matter what challenges you face. This will require you to have a strong goal as this is an essential factor in helping you know what you want to achieve.

This will help you self-assess frequently to find out how you can make remarkable contributions in the corporate world. »

Other speakers at the conference were: Eloho Omame, co-founder and general partner of FirstCheck Africa; Head of Policy Programs for Africa, Meta, Simbo Olatoregun; Chief Economist, Coronation Merchant Bank, Chinwe Egwim; Chief Executive Officer, Herconomy, Ifedayo Durosinmi-Etti; and Founder, Chief Obubu, Christine Obute Otigba – noted that identifying the barriers that prevent women from owning successful and scalable business enterprises is critical in the Nigerian economic landscape.

The Glass Ceiling Convention is a social intervention by Nigeria Info that aims to champion advocacy around women’s empowerment through striking strategic partnerships with globally recognized organizations.

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