Business

Access to Loans: Financial institutions urged to assist women entrepreneurs

Financial institutions urged to assist women entrepreneurs

Financial institutions urged to assist women entrepreneurs

Ngozi Okpalakunne

Executive director of Women Connect Oyinlola Sale, has appealed to financial institutions in the country to assist women entrepreneurs in having access to loans that will aid them to drive their businesses.

Speaking at the Women Connect award/exhibition which took place in Lagos, Sale observed that women entrepreneurs in the country are doing phenomenal things, but needed to be financially assisted.

According to her, women in small and medium scale businesses hardly get access to loans because of the conditions for accessing such loans.

“Our women entrepreneurs are doing great things, they need to be financially empowered and encouraged as well. There is a need for the financial institutions in-country to help these women, because when a woman is empowered, she will not only take care of herself but will take care of her immediate family as well as the extended family, thereby contributing to the development of the nation’’, she noted.

On the event which was the first of its kind, she explained that it aimed to enable women entrepreneurs to showcase their businesses.

According to her, the event featured over 40 women exhibitors from across Lagos state and also witnessed award given ceremony where women who have made remarkable achievements in their various fields were recognized.

Exhibitors at the event, include women who are into fashion designing; hat and bead making; cosmetics; perfumes; detergents; cream and soap making, and a host of others.

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There was also a training section, where some of the participants were educated on how to grow their businesses.

Besides, there was skill acquisition training during the event. Here women were trained on skills that will, in turn, empower them financially.

Commenting on the forthcoming 2023 general elections, she urged women to take their stand in politics and added that they should support their fellow women who are interested in occupying any political position in the country.

“l see 2023 general elections as a great opportunity for Nigerian women. It is the time women should fully participate in the politics of this country so that they will be well represented in the governance and when that is achieved, women voices will be well heard and issues affecting them will be properly addressed’’. Sale noted.

Some of the exhibitors that participated in the programme described it as a platform to showcase things they made with their hands and they expressed optimism that such participation will go a long way in contributing to the growth of their businesses.

While commending the organisers of the event, some of the awardees who spoke during the ceremony expressed their gratitude to Women Connect for recognizing them and promised that they will do more in their chosen fields.

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