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Women Business Owners Desire Supportive Environments and Capacity Building

Funmilayo Arowoogun, president of the Nigeria Employers’ Consultative Association (NECA) Network of Entrepreneurial Women (NNEW), recommended Thursday that government officials at all levels and business owners create initiatives that may help market women in Lagos State receive better funding.

She also exhorted important parties to start programmes and policies that would empower women, particularly in terms of capacity development, so they could successfully run enterprises and contribute to the economic development of the country.

Apart from money, Arowoogun, who presented the keynote address at a forum in Lagos, stated that women encounter a variety of difficulties, and that striking a balance between work and family is particularly difficult.

She consequently encouraged the federal and state governments to improve the business environment so that women can succeed.

Mrs. Dupe Ojo, the “lyaloja of Orisunmibare” Section of Mile 12 Market in Lagos, encouraged the state government to offer market women in Lagos revolving loans.

“All the market women will profit from such a loan. Grants should be the main topic at all times. It helps a lot to alleviate the problem of finance for enterprises among women when we have a revolving loan that has all the market participants benefiting, she said.

Niyi Adeyanju, the project coordinator for Women’s Voice and Leadership Nigeria (WVL Nigeria), explained that the WVL Nigeria Project aimed to address obstacles to gender equality and support the empowerment of women and girls by giving local networks of women’s rights organisations access to technical and financial resources.

According to him, NNEW had trained more than 300 women small traders in four councils in Lagos State.

He claimed that in order to prepare these women for financing prospects, they received instruction in simple financial record-keeping, fundamental costing, and financial planning.

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