Speaking at the ceremonial declaration of commitment to Nigeria’s We-Fi Code on Wednesday at the CBN Headquarters in Abuja, the Governor of the Central Bank, Mr Olayemi Cardoso, stressed the potential of women entrepreneurs worldwide.
He said, “Over 400 million women entrepreneurs around the world have vast potential to grow their businesses, add value to the economy, and create jobs, but they lack the financing to achieve their goals. This group represents a $1.7tn growth opportunity for financial service providers and $5-6tn in potential value addition to the global economy.
“In Nigeria, the Women’s World Banking survey reported that the Nigerian women’s entrepreneurial activity was higher than their male counterparts by four per cent; however, 75 per cent of the women’s potential market in Nigeria remains unserved or underserved; an N294bn market opportunity that is yet to be fully tapped.”
He noted that this initiative presents an opportunity to empower women entrepreneurs across our nation, helping them expand their businesses and contribute to the overall economic growth of the country.
He disclosed that the Financial Inclusion Delivery Unit within the CBN will coordinate the implementation of the Code, which is vital for monitoring its impact on women’s financial inclusion and aligning it with the National Financial Inclusion Strategy.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!