In a bid to ensure a prosperous financial ecosystem for women to thrive amidst Covid-19 recovery efforts, the Nigeria chapter of New Faces, New Voices (NFNV-Nigeria), is set to hold a training workshop on women’s leadership and financial inclusion during post-Covid-19 on Saturday, August 13th 2022 in Kano, Nigeria.
By Stephen Enoch
The event, which is set to be hybrid (physical and virtual), is themed: “Women in leadership: A Catalyst for advancing financial inclusion for women in NMSMEs” and will bring together key professionals in the financial, economic and private sectors that will, among others, build the capacity of participants on business growth and visibility for export business.
Statistics have shown that Nigerian women-owned Micro Small and Medium Enterprises (MSMEs) contribute significantly to the Gross Domestic Product (GDP) of the country, yet they receive a disappointing less than 5% in business financing. This inhibits women’s capacity to scale-up their businesses and thrive in uncertain times, which stalls the economic growth of women-owned businesses.
The outcome of NFNV-Nigeria’s national roundtable on financial inclusion held earlier this year indicated that Nigerian women are 38% more financially vulnerable while their resilience capacity is below average. Moreover, research shows the negative consequences of the Covid-19 pandemic are being heightened by the financial exclusion of women.
It is against this backdrop that NFNV-Nigeria is hosting the workshop to help women entrepreneurs build more resilience against the negative effects of the pandemic. “The workshop will equip and empower women entrepreneurs with relevant and relatable skills, knowledge and resources to build a financially thriving enterprise in various sectors as well as be positioned to financial leaders in their businesses.”
The workshop will also expose participants to funding opportunities while equipping and positioning women entrepreneurs in Nano MSMEs to participate in the digital economy. The participants will also be exposed to strategies for building new networks and partnerships across various value chains as well as strategies for improving market access to export their products, among other crucial skills for women entrepreneurs.
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