Why Female Entrepreneurs Should Visit CBN
If you are a woman and you are also an entrepreneur, you need to pay a visit to the Central Bank of Nigeria, CBN.
The reason is because, there are about 13 intervention funds that you can explore to get money for your business.
This was part of Dr Ada Momah’s advice in Lagos at a seminar to celebrate International Women’s Month.
Dr. Momah, who is a Development Finance Officer at CBN, urged women to explore such windows because they were essential to the economic development of the country.
According to her, the apex bank has earmarked 60% of its 220 billion-naira MSME fund for women who own enterprises to empower and encourage their participation in contributing to the nation’s economic rebound.
“But many women shy away from accessing the funds because less than 10% of the 60% of the 220 billion naira earmarked for women have been tapped,” she said.
Mrs Bolaji Oluwashola of the Gender Desk Department, Bank of Industry (BoI), said that the BoI had also earmarked 22 billion naira for women entrepreneurs in 2018.
Oluwashola said that to encourage women entrepreneurs, BoI had devised innovative ways to ensure women had access to finance at mainly single digit interest rates.
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